Let’s dispense with the usual posting subjects and talk a bit about the economy and market sentiment. You know me, I usually don’t write about this subject very often, but I ran across a few items this week that may be of interest to you.
I want to direct you to the blog of Jeffrey Ziegler, Fit To Trade. I am a former subscriber to his service and I have a copy of his Spread Training System. I am not going to evaluate his material at this time. What I want you to look at are the two videos he has posted on his blog, from 8/18 and 8/19.
The first video (in his August 18th post) is from a gentleman by the name of Tony Robbins (this is the first time I ever heard of this man). Looking at his web site, it doesn’t look like this is the type of subject he normally discusses. That to me means that his motivation for this video is outside his normal business and is deeply personal. It really makes a lot of sense.
I am a member of the leading edge of the Baby Boomers and can speak for my self how my spending habits have done a 180 in the last 5 years. If the Boomers represent ½ the economy, then we are in for a huge contraction of not only our GDP, but every other economic indicator too. The only exception is the government, which is expanding at an alarming rate.
The second video is from a Strategy Session on CNBC with David “The Brain” Faber and Kyle Bass (never saw him before either), managing partner at Hymen Investments. The numbers that Kyle throws out regarding Japan (but they are not the only ones) are downright frightening!
You and I both know that the US is not in such great shape either. But I want to make you all aware that as option traders, we have the opportunity of playing the market up, flat or down. We also know that the market goes up like and escalator and down like an elevator – Bull markets can make millionaires overnight.
Keep your powder dry
◄ Jeff ►
