So last Wednesday 9/18 was the official meeting and announcement regarding fiscal policies and and monetary budget plans. Now I'm not sure if everyone has completely forgotten this same time last year but I recall the fed doing the same thing and for the same reasons. As it turns out the American people aren't ready to have their allowance cut. Fed policy makers decided to postpone stimulus tapering. If you didn't know it, the fed is basically pumping $85billion into the economy every 30-31 days, in particular cases 28 days. Well last year the fed claimed growth was too slow to end stimulus and this year marked...nothing but a new high in 2 of the major US financial indices. Though that seems exciting if we look at what's actually going on, volume is increasing but no value is being added to the market. Aside from hot shots like $APPL(Apple) and $GOOG(Google), stocks have been slowly moving alone, gaining very little or losing a lot of wealth. Perfect examples of companies loosing wealth freakishly fast are $NOK (Nokia) and $BBRY (Blackberry). Their losses far outweigh the gains of the two current tech giants. The $DOLLAR on the other hand gained significant but only because of Europe and it only lasted until mid 2013. The currency got battered on the fed announcement day losing against virtually every pair it trades with. In my opinion this was an easy trade. The technicals told me that the dollar was under a lot of pressure and the news simply made me a lot of money FAST. I was already set to make the money, the news was like information from the future that pulled my positions through time a and brought my gains immediately. To be honest I think that most people got caught up in all the what ifs rather that what is and what was.
What is: we have a crippled middle class who's stimulus is sucked up by businesses and people who don't need it the same way. Housing prices are coming back but good credit isn't (LOL). Over 85% of employed women are waitresses...that are supposed to buy a home that on average costs $80,000. Not to mention we're still at war...that's a significant tax burden to the tax paying citizens.
What was: everyone was just happy to be alive last year.
I couldn't see how the Bernanke could cut the stimulus package by $15-$25billion a month to bring the payout to around $65-$55billion a month. I just think that everyone should stick to the technical truths about the situation and invest accordingl or ask me and I'll just take a small fee for doing it for you (haha, seriously). Even when it seems like everything on the news is to make you think and usually in a way to make you feel a certain way simply to draw you to it. The news is like a organizational placebo of truth full of imagination. But imagination is what separates good writers from great writers right?! Well at least the writers were happy about the "news" coverage opportunity...and just like them always remember to keep your mind happy and never trade because of what the news report says only because it's a good day to trade overall, if you're going to follow the rules...rules=technical facts!!
Ps: I'm in Georgia working on a farm, lol I'm taking this trading shit to a new level.
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