Morning Update: June 18, 2014

1-855-RWT-0008

Random Walk’s Motto:

Success through integrity and care. The law of abundance means we can all win.

Yesterday

Really no direction again as the markets are waiting for something in Iraq to cool down and/or the Fed to day something uplifting today. TSLA was hot again, up $10 at one point.

Yesterday the bond market was down pretty hard out of fear that the Fed is seeing too much inflation and may be more aggressive on their tapering. What is really strange is that the Fed may be charging exit fees to get out of bonds. Of course this is the DUMBEST thing that can happen. Their view is that it will reduce people getting out of bonds, only to get back in later. I can only surmise that the Fed is thinking they will make people stay in bonds because the investor doesn’t want to pay fees to get out.

What I see is a decrease in liquidity, lack of desire to get into a product that requires a fee to get out, etc. That could be another reason for yesterday’s move down in the bonds. Though this dramatically helps our bond position in the TLT, and I am expecting bonds to move down a lot more, it is not good for the country or the Fed’s $3 trillion portfolio.

It is hard to believe that we are still only 200 Dow points from 17,000.

Today

Two things are influencing the markets today.

ONE – Iraq

By most people’s estimates any attacks on ISIS could start today, if they are going to happen at all.

TWO – Fed

The Fed is announcing their rate decision at 2:00 eastern. Remember that this is the season for tapering. The Fed has been tapering $10 bln a month since its start.

So expect some volatility, but 2:00pm is the big move – unless something happens in Iraq. As for predictions…..? Who can predict what is going on in Obama’s head?

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

BUSY NIGHT FOR POT TONIGHT

The end is coming, or Dow 17,000+. We will likely know by 2:15pm today. 

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

Too True To Be Funny

Wouldn’t most people go to jail if they lied to congress?

Or are they considered terrorists and allowed to go to Qatar?

## ## ## ## ## ## ## ## ##

Anyone have an “over – under” on when this guy is released? Drunk drivers get longer terms in prison than terrorists. 

## ## ## ## ## ## ## ##

GOOD…Now I don’t have to run the risk of sitting next to that Alzheimer’s patient. Especially when I pay for my seat, and for his (as a taxpayer). 

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.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

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.