eMini Strategy for Wednesday

Search by tag or site

TheMoneyBlogs
Home
About
Create your own blog
Contact us

My Home About Me

A Global Perspective

The New Global Standard for Wealth Creation

eMini Strategy for Wednesday

Posted on 09/25/2006 16:39:48 | Link | Post Comment

Good Evening,

Tonight's title might have well been - "Shake that Money Maker"

That is exactly what the institutions have done over the past few weeks. They have taken the retail investor, held him upside down, and shaken him until every last coin fell from his pocket. A little sleight of hand this past Friday even sent them dashing off to search under the sofa cushions for just one more thin dime.

I know I wrote that P/E ratios were out of kilter, and I stand by that opinion. However, what we have just experienced was not the market aligning itself, it was the deep pockets doing what they do best. Please understand, it takes NO financial commitment for the markets to trade lower. None! All the big boys have to do is pull their bids and let nature take it's course. The key is to be aware of not only what is happening, but why. Knowledge is power. This sell-off, this decimation of the markets, this "beginning of the end", has simply been major league tom-foolery. Knowledge is not only power, it's money in the bank. I'm not going to do the math for you tonight. Suffice it to say -

Every 2 points the S&P has fallen, is a 10% return on your money. Every 1 point the Russell has fallen is the same 10%.

Add up the days, add up the points, and answer me this - "Did you make that much, that quick, even in the heyday of Tech?"

We report live every day from the S&P Pit. If Merrill steps in and starts buying, we know. If he has paper to sell, we know. Join us for our trip to the pit tomorrow @ 11AM eastern, and keep it in neutral. If they decide to shake some more, just follow them right to the bank. Your trading platform is direct a access platform to the wealth of the world. Just make sure, you're on the right side of the market. If you can't tune in live, catch us on the Pod.

BTW - thanks to your votes, we ranked 19 out of 15,000 contenders last week.

Thanks for making CFRN -