Morning Update: June 19, 2014

1-855-RWT-0008

Random Walk’s Motto:

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

Yesterday and Today

Yesterday

Pretty much as Fed meetings go. The markets were dead all morning with a rotation above and below the unchanged levels until the Fed announcement at 2:00pm. After the Fed announced their intentions the markets ran up about 30-40 Dow points with the E-minis up 6. You then had once chance to get long as the markets sank back down to unchanged before Yellen began to talk. 

Yellen began answering questions and the markets remained calm with the E-minis up $6 again. 

I am not too bright. When she said that there was risk because the markets had so low volatility, I started to scratch my head. I thought the Fed hated volatility, and they love liquidity to avoid excessive vol. So I listened in to see what other new rules were being written about trading.

When Ms. Yellen answered questions pertaining to the stock market, that is when things took off. Ms. Yellen said that she doesn’t see an equity bubble, and that was enough for the E-minis to jump another $10 points (up $16 total).

AMZN announce their new phone and watched the stock climb almost $9. BTW, Random Walk is coming out with a phone. (Just kidding).

Today

Unless something really weird comes out of today’s numbers or Iraq, we will test 17,000. Today’s numbers may even be the reason for getting to 17,000. Who doesn’t want to buy stocks at 17,000 when Yellen assures us that this is not a bubble. You kidding me? This is like the start of a Lawrence Welck show. Maybe that is just Don Ho in the background singing “Tiny Bubbles”.

But technically it is not a bubble if you get out before it pops. If hedged it is an opportunity. If not, I may be wrong, it is Russian Roulette. 

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

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

Too True To Be Funny

At first I was outraged.

I felt that the name “redskins” was why the US Patent Office (acting like the Supreme Court, but without any authority) was revoking the Washington Redskins’ Trademark. Then I realize that it was the word “Washington” they were upset about. Yeah, I would change it too. That is a swear word in my house too. 

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Yea…I gained 15 lbs on his program.

Wait…that was Weight Watchers. The meals are so small you have to eat like 12 a day, so it costs like $60. But you never lose weight.

And what about that exercise machine that was suppose to give me 6-pack abs while watching TV? That seemed like it would work too.

Come On…. Do we not have any personal responsibility left? We all know that there is only one way to lose weight – diet and exercise. In other words, blow more calories than you take in. And when we are too lazy to do that…it is Oz’s fault. 

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.