Quote from Mvic:
Yes the lackof fiscal leadership and responsability this country has exhibited in the last few years has me gloomy, my $ have lost 30-40% of their purchasing power because of it but I suppopse I should just wear a happy face and the Europeans will sell me crap at a discount. If io smile really nicely and jumpo around like Tom Cruise on Oprahs couch the saudis will sell me thier oil for a discount.
Anyway, gloomy as I am I still managed to pull in some cash on the LONG side this morning, how bout you Mr Positive? Did you buy this morning with all your optimism?
Thanks for admitting the state of affairs. I am not being critical but somewhat help ful in bringing out this issue. January also happens to be the month with highest cases of depressions reported and its like a flu epidemic every other person is silently suffering through it.
I am playing the tune on the short side, shorting the markets since I have no choice. You can't make as much money on the down side because the moves are limited to few basis points. Stocks can only go to zero and once they get down there is not much you can do to them.
Scalping and getting blown up is a hard hard way to make money.