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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (14063)	4/28/2013 11:32:26 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Cramer's comments on Thursday that you can no longer use stop loses brought us 180 degrees...... I had written a much longer post regarding this and how it flies in the face of 100 years of investing and trading theory. and then I hit the wrong key and it was gone. I am going to Chicago this afternoon and will be up in the Windy City for the next two weeks...... I expect to learn quite a bit but my schedule is going to be super busy and so I probably will not be posting. I did meet with a Partner of New York Life on Friday and we spoke for 2 solid hours...I had been researching them this week... 287 billion in assets .... most members of the Million dollar round table for the last 58 years.....I always new it was a strong company, but now realize that it is the Goldman Sachs of the Insurance world.... highest credit rating by the 4 agencies...and he runs another company out of his office in a very prestigious building that enables then to do everything that a Morgan Stanley or UBS FA can do and they even have 16 attorneys in Houston that work for them and go out and help set up trusts and foundations for high net worth individuals..... It was a simply enlightening meeting. John ps... I have much more to say about Cramer, the latest flash crash and the Machines that now run the system... but that will have to wait until I return from Chicago.