Investing and Trading: Week in Review for September 6, 2008
Posted on Sep 14, 2008 under Forex Day Trade Review | 3 Comments
My Daily Blog is at: http://investorandtrader.blogspot.com/
Welcome to the week in Review. I saw this Bloomberg article the other day - about another possibility that we “might” be in a recession. What? Listen folks - WE ARE IN a recession. It’s that simple. Ford is trading at a price with the penny stocks; as are many regional banks. CPI core inflation is 5.6%, and you can only get 3.5% out of a bank on your money. The government is so out of touch, that they think that printing more money and sending it in the mail won’t hurt the inflation problem. Unemployment is 6.1%. People are talking about one of the big three going under. The housing situation was the worst since the Great Depression. There’s a credit crisis. WHAT MORE DO YOU NEED? THE GDP DEFINITION ISN’T ACCURATE!
NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc.
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