Shaky Market
July 28, 2008
This market continues to show its true colors. For the past 2 out of 3 sessions stocks have taken a beating, although on lighter trade you never want to see this type of action prior to a follow through day. There are some opportunities out there to make money but its not worth risky your entire stake with this crap market. The market is not offering up a chance to become real wealthy here. Until we get some real fear, capitulation selling at the lows we’ll continue to have a choppy market like this one. Keep most if not all of your capital away from this market, save it for our next large bull market.
Enjoy
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Reuters Business- Stocks gain as hope rises for stimulus planNEW YORK (Reuters) - Stocks gained on Tuesday as bets rose on the likelihood of a government stimulus package after the release of minutes from the last Fed policy meeting painted a dismal picture of the U.S. economy.
- Home sales tumble to 7-year lowWASHINGTON (Reuters) - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
- German tycoon Adolf Merckle commits suicideBLAUBEUREN, Germany (Reuters) - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
- Stocks gain as hope rises for stimulus plan
- Market Watch
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- Currencies: Dollar gives up ground vs. rivals after FOMC minutes