Some used to call Greenspan 'Chainsaw Al'. What do we call these people? A half point cut and we've likely only tasted the froth of the subprime mess. What's next? Can interest rates go into negative territory?
Tuesday, September 18, 2007
Raise 'em higher
I think the Fed should raise interest rates and here is why (in no particular order):
1) Keep more stupid people from taking out mortgages that are way over their heads
2) Inflation. Oil over $80. Hello!?
3) Contain the market goldrush mentality and not clean up the greed and ignorant-driven (subprime) mess by making everybody else that had nothing to do with it pay.
Monday, September 3, 2007
What to trade?
Often traders are confused about what markets they should trade. The best way of finding out is to research a particular market and watch it. Some key points to observe are whether there is enough liquidity, volatility, times of day the issue is most active, risk/reward potential, required funds to trade it. Once all that is determined paper-trade the market to see if your methodology works. For day trading and my methodology my preferred issue is the Futures e-mini Russell 2000 currently traded on the CME, but soon to be handed off to ICE
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