Why the Current stock market crushed ?
It wasn’t GREECE. It was GREED. It wasn’t the dollar carry trade it was sheer anger and revenge on our President. The climax of a heated battle between President Obama and the 50 or so FAT CAT Bankers who are now in jeopardy and whose vagrant and irresponsible lifestyles should soon be history. Greed on Wall Street shouldn’t surprise you one iota. Its a tradition, its a culture.... [Read more]
Stock Market Crash 2010 ?
Is this stock market crash of 2010? Looks like it is the way BIG BOYS on Wall Street are orchestrating this. This is a mini controlled crash, a crash where the participants are in control and they know when to stop the ball rolling. Right now they are stomping the market with both feet and turning the pavement crimson red, the same color my monitor has turned these days. I hardly find green color on... [Read more]
Wall Streets Temper Tantrum ended?
It all started on the day Goldman Sachs earnings came out. President Obama mistakenly chose to rebuke Wall Street on that occasion, and put forth threat of new banking regulations. At that point market was doing fine, no worries trading in a nice tight range which was overbought. Within minutes the very same day SPX was slammed to the ground. Stellar earnings from AAPL, GOOG, GE, GS did nothing... [Read more]
Politics not economy is dictating trading
There is a battle going on between Obama and Wall Street. Market has been down past one week since Obama spoke about curbing high risk trading and new banking regulations. Wall Street is no stranger to temper tantrums. When cornered from greed and wayward means of achieving gains it blusters. It blusters in the form of low level temper tantrums and it starts with selling off everything in sight.... [Read more]
Where is the market going?
I bet that question has caused sleepless nights to many. I am not immune to these emotions either. I felt caged and helpless and frustrated just like any other trader. Negativity and depressive psychosis is hitting the streets again just like in 2008 when the end of the world was near ! But since than the fundamentals that caused that bear market have changed. Next bear market wont be based on... [Read more]
How to Fix Iron condors
The market has dropped to the point where corrective actions is necessary. One can always close the position if short strikes are within 20 points of the price. But markets can bounce back and ride up creating a whiplash. Remember there are least 26 days till February expiration and lot can happen. All prices as of Fridays close.Basically there are 3 alternatives one can choose from. Here is... [Read more]
Obama spoke and market dives
Obama spoke and the market dives. Understood. Nothing wrong with that. Wall Street has expressed its anger and rage over it. They didn’t like it one bit.When ever these people get angry and depressed they start selling things off. This is their knee jerk reaction. They know nothing better than to kick their Golden Goose down the road in a fitful tizzy. I have seen that in 2008 and 2009.... [Read more]
President Obama whips Wall street
President Obama whips Wall street On the very day world’s largest investment bank Goldman Sachs reported stellar earnings, President Obama chose to make an assault on the banking structure. Was the timing a mere coincidence ? Maybe not but it was a clear message to the Wall street we will harness your excesses and the way you do business echoing a populist tone to the nation. President... [Read more]
Are we going down?
Woke up this morning with a nasty surprise. Market down 140 points with a massive gap! Immediately I got calls from people about the market. After all with such a bullish day on Jan 19, 2010 this shouldn’t be happening ? Right? Trading is a Brutal game. Sometimes its downright ugly, and makes us swear never to trade again. But here is what does helps. Some Technical Analysis goes a long way to... [Read more]
