1-855-RWT-0008
Random Walk’s Motto:
Success through integrity and care. The law of abundance means we can all win.
52 Days in a row where the market has not made a >1% move. Unsustainable? YOU BET
Happy Day!
1,000 days since the last 10% drop. Now keep in mind that this doesn’t mean the market is going to fall tomorrow. In fact, things usually get really messed up before people catch on that the Emperor is not wearing cloths. The Dow may be even 17,500 before the next real drop ā perhaps higher.
REMEMBER that we are as high as we are because the ONLY place to put money when rates are at 2% is the stock market. Usually the party doesn’t end until some craps in the punch bowl, but politicians are certainly trying to be the first in line.
The fact is we have dumped $4 trillion into the bond market, which equates to how much the stock market is up. Do the math. BUT EVENTUALLY the medicine becomes the poison. It is coming. Just not today. It would be almost unholy to crash on the eve of the 4th.
Yesterday and Today
Yesterday
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Yellen spoke to the IMF and was perfect. She said NOTHING, which the markets appreciated. The bonds took a dump downward nonetheless. It also put any chance of the markets making 17,000. Remember, we hit 16,998 which is good. But for some reason the overall market takes these big numbers seriously. I will never understand how $0.01 on a 17,000 index means anything, but I guess it is a sociology thing.
Today
We have enough numbers for anything. We have gas numbers after the open, but everything else is out before the open.
TYPICALLY on days like this the markets open and the day is essentially over 30 minutes later. Then the VIX just gets hit hard as people take the weekend’s time decay out by the close. But with this many numbers and so close to 17,000 a couple constituencies are mentioned below:
DOWN
If we fall things could get a little ugly, not just because we are so high, but because of a lack of liquidity.
UP
We could very easily touch 17,000. But if we go through it with any real significance, we could hit stops and really zoom.
Unlike most people….I will not be leaving for vacation at 10:00am. If another update is needed, I will be happy to send one.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
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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 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.
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.
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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). 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.
