1-855-RWT-0008
Random Walk’s Motto:
Loving our students like family allows us the energy to go beyond any other firm and your expectations.
Should start the <1% move clock again?
Today’s Number(s)
This is not all of the earnings, rather a small portion that Random Walk has been watching in POT.
Yesterday and Today
Yesterday
A typical day again. Bad news hit the market before the open so sellers came in briefly. When they shot all their bullets they market went back up. HLF was up after its earnings.
Ā
Today
Today is as much of a concern as is Wednesday. In the morning we will have the ADP jobs report, a MUCH MORE accurate number than something the government creates. This will set the tone for the day up to 2:00pm. At that time the FOMC releases its minutes and decides how much (if any) it is going to taper. Recall when Yellen spoke last she was hawkish and stuck with her plan.
Now the geniuses wanting air time on CNBC (something I refuse to ever do) are prophesying that the the Fed will pick up the taper faster than originally planned. Hmm. Let’s see. Does Yellen want to deviate with her plan that only has a couple months left in it (after 6 years going) to be cool? It would mess up the markets that are at all time highs, and that might mean she has to put more money in after taking too much out. Yeah, that’s the ticket. Every new chairman wants a crash on their hands before the name on their desk has been changed. Don’t listen to idiots. She will taper $10 billion this month like she has been doing every month, and NOT deviate. There is NO reason or upside to deviate.
So if the market is selling off because the rumors are that the Fed is going to taper the last of it this week, I can’t think of a better buying opportunity.Ā
POT is held each Wednesday night at 7:00pm eastern.
Contact the office at 1- 855 ā RWT ā 0008 for more details.Ā
Too True To Be Funny
You know …this is getting old. Even Putin has to be bored making a fool out of Obama. It is like punching a kid (on the playground) who wont punch back. Then when the altercation is over and they are 200 yards apart, the kid with the bloody nose yells out an insult and can’t understand why the next day is another beating.Ā
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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 doesnāt 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.
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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). āThank yousā are only handed out in countries where legal and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.