Morning Update: June 11, 2014

1-855-RWT-0008

Random Walk is still receiving question about the Italy class. Hopefully by addressing the topic in this forum and format it eliminates the confusion.

QUESTION: Why is the text only 100 pages?

ANSWER: We would have to charge more if it were 200. JUST KIDDING.

Some things lend themselves better to being taught with a slide presentation as it is a more visual experience. One can get a sense of time elapsing better via a slide presentation, whether it is online or in a classroom. The text may be longer than 100, but it appears that right now it will be about that. Also, the slides, recordings, etc will be part of the process along with paper trades (like in a POT format).

QUESTION: What it I think I want to attend live, I mean it is Italy after all, but am not sure about getting time off?

ANSWER: Contact the office. I am sure they can work things out somehow.

Random Walk is still receiving question about the Italy class. Hopefully by addressing the topic in this forum and format it eliminates the confusion.

QUESTION: Why is the text only 100 pages?

ANSWER: We would have to charge more if it were 200. JUST KIDDING.

Some things lend themselves better to being taught with a slide presentation as it is a more visual experience. One can get a sense of time elapsing better via a slide presentation, whether it is online or in a classroom. The text may be longer than 100, but it appears that right now it will be about that. Also, the slides, recordings, etc will be part of the process along with paper trades (like in a POT format).

QUESTION: What it I think I want to attend live, I mean it is Italy after all, but am not sure about getting time off?

ANSWER: Contact the office. I am sure they can work things out somehow. 

Yesterday

Pretty much as expected since there was no REAL news out today. Without a reason to move higher no one is going to buy the Dow at 17,000. The market opened up a little and then sold off a little.

In POT we sold SPX put spreads when the E-minis were down about 5. By the end of the day the market was unchanged and that is the name of the game yesterday.

Today

Today’s numbers are not much more important than yesterday’s. We may get good news and have a push to 17,000, but it will not likely hold. What numbers are good enough?

Unemployment, retail sales, PPI and Mich. Sentiment. Look for a new high in those.

BTW…The crash is not likely to come when everyone expects it, or else it wouldn’t come. Don’t expect a straight line drop from 17,000. I suspect we will see 17,000 and a slight pullback as sissies get out so they can brag, “I sold 17,001”.

After a slight pullback (day or two) we get the slow fund managers who have too much cash to get involved. They were waiting for a pullback that never came, and half way through the year they are still looking impotent. Remember that most of these guys are 29 years old and have not seen much in their lives other than classrooms. There are not many old horses around still (like me) that were on the floor during the ’87 crash, so everything is just theoretical.

Once we get the strong buying that feels like we are going to 18,000 in weeks…..once the biggest bear is getting long Deltas…etc. Then the carpet comes out.

IMPORTANT and FREE

I knew the word “free” would get people’s attention!

So in the mean time…if you have someone you love in the market let them know it is time to learn what they are doing NOW. So far they are just lucky, and thinking it is brains. Anyone can buy any stock in a market where the Dow goes from 7,000 to 17,000 in 5 years and make money (Ebay being the exception…lol).

These are usually the cheap people in life that think education is over rated and too expensive (while sipping on their $6 latte at Starbucks).

So have them invest $0 in their education and go online to get a FREE book. Get out free book on option basics so they can learn to hedge when the VIX is on an 11%, not 111%.

The biggest act of kindness and love is sharing what is important…not a National Lampoon Vacation DVD from Walmart. Now Chevy Chase is going to sue….crap…

Why do we do this?

For the same reason Mercedes gives away airbag technology for free. You do the math.

POT is held each Wednesday night at 7:00pm eastern.

Good stuff yesterday.

Look for a separate update.

POT TONIGHT

7:00 Pm Eastern

Contract the office at 1- 855 – RWT – 0008 for more details.

BIG ANNOUNCEMENT (?)

Contract the office at 1- 855 – RWT – 0008 for more details. 

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the DailyPlanet newspaper.

We did NOT get any TARP money, so we are not aligned with any politician. We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Tarot cards, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, ex-cons, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.

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Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.