Wednesday
April 30, 2014
1-855-RWT-0008
Random Walk’s Mission:
To help 1% of the population learn that they do NOT have to be wiped out in an economic catastrophe and/or market crash, and make it as easy as sending an email.
FOMC Rate Decision at 2:00pm Eastern Today
Happy Day!
Today and tomorrow are the last days to get your FREE POT class for you and/or a friend. If you are already a POT member it is already in your account. If you are not a POT member and want to take advantage of this offer, all you have to do is call the office at 1-855-RWT-008.
Yesterday
Same as most days. . . Bad economic numbers came out and the market ignored them. They will continue to ignore bad news until they no longer do.
Today
Anything can happen today. Had we not been experiencing tensions in Russia I would say that we would make the new all time highs in the Dow today. We are parked not far from the 16,586 number that was the closing all-time high. It is THAT number that has to be breached for many people to feel bullishness. Don’t ask me why…I didn’t write the rules.
The only thing that can hold us back now (that is foreseeable) is escalating tensions in the East. Kerry has spoken and it is FINALLY (I thought it would never happen) drawing a line in the sand. The problem is Putin probably has seen those “red-lines” evaporate like water in a frying pan too many times to believe this one.
What I find particularly laughable is that Kerry mentioned (see news clipping below) today that the US has proof that Russia is behind the Pro-Russian outbreaks. Really? Anyone without TOP SECRET could see photos of the pro-Russian “agitators” wearing bullet proof vests and guess that they are a little too well geared-up to be disgruntled teachers and bakers with too much free time on their hands, and missing the days of old.
But I have to hand it to the Top 3 in DC, they eventually caught on to the clues in the photos, and managed to get the NSA distracted from listening in on Hyacinth Bucket’s phone calls to direct their attention on the Russians – what their job is designated as (foreign intelligence).
FOMC Rate Decision at 2:00pm Eastern Today
We probably will NOT make new highs before the 2:00 rate decision. I can NOT see the confidence of the markets making new highs going into that. Once the relief of the decision (one way or the other) is out, the the markets can move on. We have been tapering $10 bln a month for months now and that is what is expected today – another $10 bln. It is the COMMENTS that matter.
POT is held each Wednesday night at 7:00pm eastern.
Total New POT Starting Tonight
Anyone who calls the office 1-855-RWT-0008
Contract the office at 1- 855 – RWT – 0008 for more details.
Old and Out of the Way
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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.
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