Fun Times!
Many questions have been coming in about Italy. Later today we will be sending out a Q/A if interested. Thank you.
Today’s Number(s)
Yesterday and Today
Yesterday
The market opened strong and climbed 70 points before reversing. The strength is more follow-through from the Russian situation. People are confident that Russia’s offer of humanitarian aid in the Ukraine and a cease to the “military drills” is signs that tensions are declining. They are obviously ignoring the fact that 45,000 troops are on the boarder and Putin has done the “rope-a-dope” just like this before.
So the Russian markets were up 1.4% while the US markets were up .3%.
TODAY
We have the JOLTs number and the treasury budget coming out today. Back to climbing the wall of worry. Nothing but bad news is out, but nothing on a hair trigger. So we will gyrate around and higher until the next bit of news.
And don’t forget that the Fed’s bond buying binge ends in October. That will likely cause a small sell-off, but it will not be until the Fed begins to tighten or raise rates that we will see months like we saw two weeks ago.
POT is held each Wednesday night at 7:00pm eastern.
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Too True To Be Funny
Attorney Stuff
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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.
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. 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, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.
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