How can one expect to make money on a day the market will surely open AT LEAST 200 down?
One must realize that stocks are not the only thing that can be traded these days. There is commodity(future) trading, currency trading, ect.
I would get in many commodities early in the morning. Mainly Gold, Silver, Copper, Oil, Corn, Wheat, and beans.
Secondly, curreny trading can make people huge money. While in the true sense of currency trading(as done on the FX) one has to "long" one currency and ""short" another. Imagine how one always hears how the Dollar is reaching new time lows against the EURO on a daily basis. One is shorting the dollar and longing the Euro to make money. The great thing is that these days you can trade curreny through ETF's. Most start with FX(letter) like FXM(Peso).
The Bull likes 5 currencies more than others. The Bull loves "The dong"(Vietnam), "Balboa" (Panama), Francs(Switzerland), Rand(South Africa), Reasis(Brazil). The Bull loves the Brazil and South African currenicies becuase these are emegering markets(Brazil still is) whose economies will nto slow in a world wide recession. They both have many natural resources to contribute and their technological advances are moving at rapid speed.
As for Panama, Signapore, and Switzerland. Many of the Bull's fans have heard of "offshore bank accounts". The connotation of the phrase screams "illegal", "tax fraud/tax evasion", "money laundering" ect. While these three countries certainly are targets for these illegal crimes because of a myriad of issues, their currencies hold their value as well as any in the world.
Without going into the great detail of the 1934 banking law and the influence of the Nazi's on the Swiss banking system, the basic way these countries work is that they assign each account a code name and a number. Unlike America, there is no name attached to these accounts(granted that at least in Switzerland, the top officers at the Bank know the names but many times refuse to cooperate). Signapore and Panama are having more and more foreign money invested in their banks and their econmies continue to grow. Switzerland has lost some money of late due to the American recession and a recent crackdown on illegal practices but all three of these countries will continue to gather large amounts of foreign money and will continue to grow and get stronger.
That is what the Bull would play tomorrow.
The Bull
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4 comments:
Jesus Bull, thats stuff is a tad over my head
The Rand, that cracked me up Bull. I will try go learn some stuff about currency trading
Shit, man. Just give us a fukin' normal play for tomorrow instead of giving us this gibberish FX bs. We want stock/option trades. PLEASE!
With the issues the market has been facing of late, its hard to give picks that will be winners. Thats why the bull has given some information on currency and commodity trading, because unlike the market, these trades may make you some money, where if the bull to recommend a financial stock, it could do great tomorrow, or it could collapse. For tomorrow, I really see the Fed cutting at least .75 basis points, but I think the market needs at least a one point cut to allow some of these large banking institutions to stay afloat. I bought into GS and ICE today.. both fell early and I picked them up at a nice discount. I think They are both still steals but with that I am cautioning you that they could fall on any negative news. I think the upside is greater than the risk associated with owning either company. Watch ag.. could have a big sell off here, which may allow for some buying oppertunities. I like MOS if it ever falls below 95. Sorry I dont have more, lets hope for some help from the fed tomorrow.
T&A
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