Like I said Monday, all is well for 2013! The Fiscal Bluff has been averted and the markets are not tanking as most pundits predicted/warned. What a joke the market is. All the big money was away Friday, as retail sold the markets off at the end of the day and in the afterhours on low volume. Then Monday the big money comes back and the market ramps higher…
To be a bull, or not to be, that is the question:
Whether ’tis Nobler to be a bear,
To take humble possession of puts,
Reveling in the prospects of financial collapse.
Or to take nothing at all,
T0 buy a Call and live valiantly in the light;
Or possess a Put and be scowled upon,
Unsheathe thy sword and duel to the death,
Hope everyone had a great holiday – now back onto business. Yesterday was the 4th of July today is National Intervention day. UK announced another round of QE as expected. Last vote was 5-4 against, but now UK needed to take action.
China reduced it’s lending and deposit rates again, the 2nd time in a month.
And finally the ECB lowered its rates to a record low of .75%.…
I have written countless times about the intervention in this market. How a retail trader can become brainwashed by the headline news, only to be blindsided by the 2-3%+ market squeeze ignited from some more can kicking by the powers that be.
How does that saying go? When it smells like shit, looks like shit, tastes like shit, and came out of an a^^hole… it probably is shit… right? Well yeah. So lets apply those adjectives to the world economy: little to no growth in developed economies, huge debt issues in europe, a slowing china economy, a U.S. fiscal cliff, along with political unrest and change in some of the emerging countries.…
June 22nd Option Market Recap – SPY, VIX, MA, FB, BBBY, FCX
By 5pm Sunday when the Forex markets open, we should be able to assess the damage Greece has unleashed upon the financial world. World economic Armageddon is coming… Haven’t you read the papers or watched the news? The Greek vote is being compared to the most dire financial events in history. A win by the leftist party Syriza will ignite panic in equity markets on Monday. Who…
UPB Option Trade Ideas For June 6th – X, USO, SLV, AAPL, SPY, GOOG
After today’s up day what will we see tomorrow? Will stocks rise? Will they fall? Someone give Ben Bernanke A Call! LTRO, QE is here to stay, the Central banks won’t have it any other way.
Here is my video for June 6th.
It was November 30, 2011, when the world’s Central Banks united to ease strains on the global financial system. This move marked the end of a very turbulent summer and fall, where markets fell across the globe on fears of a Eurozone debt crisis.
Seven months later, we find ourselves in a similar situation. You know how the saying goes, “Those who don’t learn from history, are…