Saturday Morning Reads

Signs of an improving economy did nothing to shield stocks from oil’s freefall as theDow Jones Industrial Average (INDU)had its worst week since 2011, volatility surged and fund managers said anxiety is building among clients and themselves.

More than $1.2 trillion was erased from global equities over the five days, as the drop in crude below $58 a barrel raised concern over the strength of the global economy. The Chicago Board Options Exchange Volatility Index, a measure of trader anxiety that has spent most of the year hovering about 25 percent below its historical average, jumped 78 percent as oil’s impact rippled through financial markets.

Here is what I am reading to start the weekend:

Oil Free Fall Fall Gives DJIA Worst Week Since 2011

Oil to $55 Next Week?

How Crude Oils Collapse Started

The FED's Wild Cards

Americans 40% Poorer now

10 year yield drops most in 2 years

New investment rules

New way to pay?


FED needs to keep rates low

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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