Swing Trade

I’m still hanging out on the sidelines, yes there has been a rally and things are looking up but I don’t believe it to be true, so I’m waiting for the markets to drop again and then I’ll hop on board.
U.S. Leading Economic Indicators May Signal Recession Will Ease

Whatever you watch this year, make sure you watch CNBC’s House of Cards
‘An in-depth look at the housing bust that has upended the American dream’
This 2 hour documentary is awesome and a real eye opener of Who, How, What and Why the Subprime happened!!

This is the longest I’ve been out of the markets for the past 7 months or so and I gotta say, I certainly feel different, like there is less suspense when I go to bed and wake up in the morning (more relaxed I suppose?).

Asian markets are looking like they’re going to end in the green.
The BBC just reported that the UK Government has written off 60 Billion Pounds in loans (‘keep alives’) that they have given out to keep the economy afloat!!

In the mean time you might consider asking your wife for her opinion next time you make a trade…
Toxic Testosterone Crunches Need a Female Touch

Have a profitable day

Sitting on the side lines at the moment and loving it!

I managed to sell my Anglo shares last Friday at 18800 and made a small profit (right now they’re sitting at 17700).

Markets appear to be falling at the moment and my personal feeling is that they are going to fall significantly more!

Another opportunity missed!
First pawnbroker ‘in a century’ sets up shop in the City as fat cats hock their diamonds

Verbatim (from Time Magazine)
‘This crisis was caused by the irrational behaviour of white people with blue eyes‘
Luiz Inacio Lula Da Silva, Brazilian President, on the recession, saying he didn’t know “any black or indigenous bankers”