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  • Lyn Summers

    Lyn Summers 10:51 am on January 16, 2012 Permalink | Log in to leave a Comment  

    The trigger to set off a Global Recession is Europe! Do we see this happening now? 

    Italy’s largest Bank UniCredit lost 40% of their share price in the last 4 days and that’s after a 10 for one reverse stock split a strategy used to help prop up the share price but I guess it failed. They have 40 million customers globally in 22 countries.
    Check out the chart

    We are all  exposed with the outcome in Europe if their banks stand or fall the effects will be felt globally on different impacts.

    Europe’s troubles continue they are slipping into recession the austerity measures are proving to be challenging Bond yields are rising.
    The bond buyers are demanding a higher yield due to the risk perceived yes the Fear of default. This in turn pushes the countries debt up higher something they are struggling paying now an impossible situation or solution.Standard & Poor’s on Friday cut its ratings on nine European countries, including France, Spain and Italy the start of more to come.
    We have already seen the fall in the Euro, check out the chart below:

    What’s going on with the US
    JP Morgan reported quarterly earnings on Friday that met Wall Street expectations in profit but missed on revenue the Banks are an important sector to watch if confidence is lost in the banks this could lead to credit issues.
    The US  banks are also holding $4 million  foreclosure’s off their balance sheets remember they are hoping to put them on the market one day with the housing market lower than it was in 2009 it would  seem an inappropriate time to do that as it will further depress the housing market and they could take a lot less than they are anticipating.
    Stimulus has driven the US  stock market rally since 2009, now without more stimulus where is the stock market headed?
    Combined with the Europe woes any trigger could set off a selling frenzy at any moment on global markets the smart money are distributing  so the market top looks close. It’s Bear Wrangler time…

     
  • Lyn Summers

    Lyn Summers 12:04 pm on December 6, 2011 Permalink | Log in to leave a Comment  

    A 500 point Santa Rally? More Please! 

    The European Central Bank and four other central banks agreed to extend swap lines and make dollar borrowing cheaper. It was the news the market has been expecting,  the band aid has finally arrived.

    So how has it happened?

    To cut a long story short, the printing press has been re-oiled and turned on. Don’t expect the outcome to be a smooth ride and be over quickly .there will be major issues to deal with for years to come. As we understand it, the European Central Bank (ECB) isn’t allowed to lend money directly to European governments. So, the Europeans need a plan.

    A clever way round this problem is to hand cash to the IMF, on the condition the IMF hand the cash to Italy and Spain. Or any other European nation in the lurch.

    That way the ECB can buy government bonds and national governments can keep spending. If the market stops buying government bonds, no problem, the ECB will give more money to the IMF, to give to European governments.

    Well the market rallied on that news.

    The Dow gained 787 points, or 7 percent this week. Putting it back in positive territory for the year — it’s now up 3.8 percent for 2011.
    The Nasdaq gained 7.6 percent this week and the Russell 2000 jumped 10.3 percent.And the Australian market shared in that rally over a 7% gain.

    It was the biggest one-week gain since… just two months ago in October. Between 5 and 11 October the index gained 9.2%.

    And that was the biggest gain since… just four months ago in August. Between 9 and 15 August the index gained 7.4%

    It sounds like the movements of a Santa Rally, wait til they find out that Santa isn’t real!

    This week I would like to show you some survey data I have come across on the Baby Boomers Retiring. I am a Baby Boomer myself and if these numbers are correct it could be a Demographic change already occurring

    The survey is from (AARP) American Association of Retired Persons analysing that 70% of baby boomers don’t have enough in assets to retire for 2 years and 40% don’t have enough for 1 year.

    And we know this, baby boomers are saving not spending right now, their retirement funds have been hit hard not once but 2 or 3 times in the past few years.
    I was surprised to see the statistics of superannuation losses higher in women than men , due to the smaller amounts we have in super as opposed to the men, because they generally stay longer in the workforce longer while women take time out to raise the kids.

    Baby Boomers were heavily influenced into the stockmarket by fund managers as a way to grow their retirement wealth, except they had no knowledge of what they were doing and were forced to ride it out…and well, we know what happened next…

    The Savings and Bank Loans Collapse 1987.
    The Dotcom bubble in 2000.
    The GFC Crash in 2007 .

    Many are having to delay retirement to rebuild their assets. In some cases losses are as 50% or higher.

    Two things happen as a result of this. First, people stop spending and start saving more, bigger family homes and properties are sold as we scale down we stay in the workforce longer so it requires a lot new jobs to be created for the new who are entering the workforce.

    Another staggering fact is that most 50-64 year old Australians have their net wealth tied up in the family home, which they may now need to convert to income for retirement. But are there buyers in this part of the market to support the sales? When it comes to young families that are struggling, many will not be able to afford a higher mortgage even though they may need a bigger home.

    Baby Boomers control a large proportion of household wealth in Australia and the US. If they have to sell assets including real estate or stocks they could potentially control these markets, and I am concerned because the US figure is a staggering $45 Trillion on the Stock market.

    In the past 20 years Baby Boomers have been in that spending cycle,  upgrading into bigger homes as they had more children, buying all the flash new gadgets from big screen TV’s, nice cars, household furniture.

    I find myself in the same situation. While my children were growing up my spending cycle was focused on different items, now as the children have grown up and left home and started their own families, my spending habits are dramatically different. I have down scaled to a smaller house, sold most of the family toys and are looking to do some newer adventures like travel overseas and holidays.

    Although many Australian boomers may express confidence about their retirement finances, this confidence may be misplaced. Australia has the fourth highest old age poverty rate in the OECD, with more than one in four older Australians living below the poverty threshold on the basis of this measure (OECD, 2009). Further, of the 30 OECD countries, only Ireland’s superannuation funds had a worse performance than Australia’s in 2008 due to the economic downturn (OECD, 2009).

    Hence a new inspiring wave of Baby Boomers are now taking control and repairing the lost retirements by learning how they need to prepare for retirement once again.

     
  • Trader Lyn

    Trader Lyn 12:30 pm on November 28, 2011 Permalink | Log in to leave a Comment  

    We are headed for disaster or an opportunity are you prepared? 

    The last disaster the saw Dow plunged all the way to 6,500 and the Standard & Poor’s 500 collapsed to just below 700 followed by  the All Ordinaries here in Australia which plunged to 3,000 points.

    What is interesting in the last 12 years we had 2 massive stock market crashes it’s happening every 6 years 2002 recession  2008 Recession 2014 behold the future.

    Why have I been so bearish? Because governments and central banks around the world have borrowed, printed, and spent far too much over the past few years bailing out anyone and everyone.

    It stopped a massive meltdown in global capital markets but for how long? the PRIVATE credit crisis has turned into a massive SOVEREIGN credit crisis.

    Ask yourself “Who now controls the credit markets who are these people that own the printing press and what is their plan?

    They have nationalised the debt through bailing out the financial companies that were about to fail a failure would’ve shut down the Global credit markets overnight remember those companies

    American Insurance Group, Citgroup, Fannie Mae, Freddie Mac, Ginnie Mae and much more.

    Who really knows what that end figure is how many Trillions have been spent to rescue them we will never know through their accounting rules of offsetting debt not marking it to the market the real loss is never exposed.

    Now, the next stage of the crisis is taking down country after country, bond market after bond market, and even government after government!

    European bond markets are in free fall from Spain to Belgium to Hungary to Italy and Greece. France is on the verge of losing its AAA rating, and  Germany the stronger nation can’t seem to find investors for its bonds it’s causing borrowing costs and debt costs to rise, pretty soon they won’t be able to meet the interest payments on the debt.

    New news coming out of Belgium and Austria has crushed their bonds And now the bailout of bankrupt Belgian bank Dexia may fall apart, which just could hurt France’s AAA rating and then who else does t hurt?

    We have seen the collapse of MF Global a global derivatives broker who were also a primary dealer in treasury securities they are the 8th largest bankruptcy I the US.

    Then more warning signs of global manufacturing and service sector activity slowing as China confirmed this last week releasing PMI at 48 below the minimum level of 50.

    The last time these indicators were going haywire like this was a warning sign of a recession.

    There are lots of opportunities in a recession that’s why I love the stock market it’s the only place I know of,

    where you can make money on a falling asset so collapses like Bear Stern, Lehmann Brothers, American Insurance Group, Fannie Mae ect that saw their shares fell to pennies on the dollar in just a few months meant there was huge profits for those that bought the insurance policy’s, that invested on the opposite side. Ah time to pay attention and watch what the smart money is already doing yep betting on the downside again.

     
  • Trader Lyn

    Trader Lyn 11:40 am on November 16, 2011 Permalink | Log in to leave a Comment  

    What the Insiders are up to.. 

    The European dilemma is just an extension of the U.S -  financial crisis that began in 2008. Now the explosive acceleration is just starting or rather continuing. The realization of a European debt default and a slowdown in Europe will effect America, China and us here in Australia.

    Italy has seen interest rates soar, then fall, then climb again over the past week, with an auction Monday producing a high yield for 2 year debt at 6.29%.

    That’s better than the 7.20% blowout last week, but still unsustainable for financing a 1.9 trillion-euro debt.

    The hedging strategy that the banks use is only as safe as the insurer to pay out remember (AIG) American International Group. Here is how it works – banks that hedge or called “nets out”  only really expose on their books their risk to the Insurance policy, this allows them to take on more and more risk.

    By buying Credit default swaps (heard of them? this is exactly what caused the failure of AIG, the biggest global  insurance company that had to have a bailout by the FED or the banking system as we know it today wouldn’t be here)…Yep it’s that serious.

    That’s why the prevention of triggering the credit default swaps in Europe is trying to be delicately engineered as the risk to the banks will explode and implode.

    If the FED didn’t step in in 2008 to bailout AIG all the banks would’ve collapsed lucky for that printing press, one of the best assets they have …or is it?

    Well Europe doesn’t have their own printing press, so they may have to rely on the FED to wire them some money (you know that electronic type where you just push a button and magic you have credit.)

    Just add it to the $14.7 Trillion …( a few more trillion won’t hurt will it?)
    The Global financial system or the ones that control it are just an inflection of what happens on a smaller scale down the line with the pawns in the game.

    One thing I learnt with organizations that run or control things is that corruption always starts at the top. So it does not surprise me at the corruption and lies we are seeing from individual companies.

    Back in 2001 when Enron was collapsing a buy rating was issued at $65 then $45 then $25 as I recall it, the last analyst to bail on Enron pulled his “buy” rating as the stock hit $2.

    The same thing I have been seeing today, and what should really scare you straight is the current percentage of analysts who still rate stocks a “buy” as their share prices plummet 50% — 70% for Citigroup (with 10% “sells”), and 38% for BAC (with just 4% “sells”).

    The same thing happens here in Australia as I remember also Babcock and Brown and HIH Insurance.

    So who are we listening to? by doing some simple research we can detect the lies. How so you may ask?

    Once you know how to recognise the signs, you can see how tactics used to offload shares to the uninformed investors, obviously the insiders are selling and they need new buyers to take their falling shares off them.

    Here’s a current example (GMCR) Green mountain coffee roasters after rising from $30 to $110 in 8 months insiders started selling huge amounts of shares owned,  an alarming amount in the millions at the same time analysts were recommending a buy on the stock.

    What I saw just like ENRON was a deliberate scam to offload shares to the uninformed investor, on top of  that they were taking the opposite trade, oh yes shorting the stock. It became evident last week when the stock fell from $70 to $40 that they were cooking their books just like ENRON.

    You see the insiders know what is going on well before the public do they are always the first to act when they have information that is only known on the inside.

    I pay close attention to have a deeper understanding of how these games are played and where I like to play them is doing what the insiders are doing,  so I too bought a put option on GMCR that netted me a gain of $400% in a week.

    If you were long on the stock, most of your wealth was wiped out in one day and who took your money?….The insiders.

    It’s time to get smarter. The only way to profit is to follow what the insiders do.

    It’s a simple process that can often be detected just by doing a little bit of research on a recommendation, not only will it save you from a loss and keep you out of a bad position but it gives you an opportunity to profit also.

    So despite the corruption and manipulation going on you don’t have to be disheartened, there are endless opportunities out there for us to trade.

     
  • Trader Lyn

    Trader Lyn 2:31 pm on November 10, 2011 Permalink | Log in to leave a Comment
    Tags: , , economic meltdown, , , , global economy, , greek debt, , Lehmann brothers, MF Global, protection, stock market crash, , trading the downside   

    Greece, Italy, what next? 

    Market contagion spreads to more European countries with Italy on the brink of collapse, Italian 10 year bond yields rise above 7% which is widely deemed unsustainable, Italy’s debt is E1.9 Trillion and at 120% of  GDP and in need of 360 Billion in 2012 just to pay loans… but why should we care about all of this here in Australia?

    Why are our banks down 4% today? because we are part of the global dominos, so it’s important that we understand the risks to us at home.

    In my opinion, Italy is too big to fail and too big to save, sounding familiar? a bit like Lehmann brothers, on steroids. Four years on now from the major stock market crash and history is on the verge of repeating it all over again.

    Just last week MF Global collapsed. MF Global were a trading desk for the Federal Reserve.  How did it happen?  Greed, all because of leveraged risk.

    There is only one way we can save ourselves get on the ride down and profit. You can’t deny a world economic meltdown is not an ideal situation and has many adverse affects on everyone in the world, however – there are opportunities we can take to use this as our protection against this mess that the people & institutions who are ‘supposed’ to be protecting us, have created.

    We really have no choice but to take things into our own hands.

    Take a look at my video update at http://youtu.be/dxJu2HfZVBE

     
  • Trader Lyn

    Trader Lyn 1:47 pm on November 3, 2011 Permalink | Log in to leave a Comment  

    Why you need to wake up and pay attention. 

    Why do you need to know what is happening in the world?

    Sometimes we may not want to read or listen to  news, after all it can be mostly bad news we are hearing most of the time.
    If you’re a carpenter, a cleaner, a hairdresser or a taxi driver you are the first that should know and anyone else with investments tied to real estate or the stock market. It doesn’t matter if you are employed or in business, we all have a responsibility to pay attention to what is happening in the world around us.

    Ask yourself- What would be the implications here in Australia to a housing decline or bubble in China? If that were to happen, it would hurt us here in Australia via our exports and our mining industry, so I have been keeping my eyes open overseas.  You need to dig to find the right news as it often doesn’t necessarily hit the global headlines and often what you find in mainstream media is manipulated.

    I found this article in the Bangkok Post..

    “Hit by weak demand and lack of funding, developers have slashed prices for some new projects in the city by more than 20 percent, the China Business News said, causing an outcry among those who bought at higher levels

    In the latest incident, some 200 home owners on Wednesday besieged the sales office for a project of leading developer Greenland Group, demanding refunds, the Shanghai Daily said. “We require a refund because the loss we are suffering now is too great for us to afford,” the paper quoted a protestor as saying. He paid 17,000 yuan ($2,678) per square metre last year and claimed the developer had cut the price by around 30 percent to boost sales.”

    Money morning also quoted some interesting facts on our current housing market here in Australia. Kris Sayce wrote “Back to the falling Aussie housing market. Now that ANZ economists have finally admitted house prices are falling. When owners see the price starting to fall they fear it could fall further. So why wait and potentially sell at a lower price when you can sell now at a higher price.

    Sure, volume increases when the price rises too. That’s the rush to buy before the price goes higher. We’ve seen that with the housing market too… now we’re seeing the reverse.

    Trouble is it’s pretty hard for most economists to do that as they spend most of their time playing with GDPs, CPIs and other irrelevant statistics. They don’t understand that economics is all about human behaviour (how people think, act and react), not spreadsheets and numbers.

    And that’s why every last one of them failed to predict Australia’s falling housing market.”

    The activity of more sellers than buyers in the property market will cause over supply and prices to fall the investors that flip properties may cause an oversupply which has fuelled the real estate sharp rises. And now the first home buyers are becoming scarce 2009 fuelled the real estate rise driven also with the 21K home grant incentive that’s gone now reduced to $7K.

    Can we truly be in for a correction? I think it’s important to consider that we do have one of the highest levels in real estate values and our first home buyers are being priced out of the market. We have seen the rest of the world’s real estate markets correct, when it is our time wouldn’t there be early warning signs to look for? maybe they’re already out there.

    There are more effects from either a full or partial Euro collapse in the future which is  spreading unknown contagion for all of us. In some way it will cause a  slowdown or decline economically.

    The bailout out is not clear. It’s unclear how Italy will fare next. MF Global, a bank and brokerage service just went into chapter 11 bankruptcy. They effect debt owed to London and the US Banks like JP Morgan. It’s like a cancer that spread in 2008 -  one bank after the other falling like dominos, the knock on effect of who’s next in danger.

    And the US debt is no better. A recent downgrade in August from Moody’s. Their debt has risen over 14 Trillion USD and that’s  without Medicare or Social Security. The US is flat broke, how long can the Federal Reserve  push a button electronically to send money to companies (well the banks) for “Quantative easing” as they call it??  I call it “how to blow up another $6 Trillion dollars“.

    I love hearing what Hardy used to say to Laurel “Another fine mess you have gotten us into”

    Governments and politics and banks have gotten us into this global mess and have no solution that will get us out. Maybe they’re not supposed (and that is their true intention) but we can have a fun ride down like 2008.

    If we watch what is happening we can prepare ourselves for the greatest opportunity,  if we prepare ourselves and study what is happening we will make the right decisions and use this as an opportunity and not become a victim to bad news.

    Many economists I have listened to for years are saying the same thing,  one of these is Harry Dent.  I have just finished reading his new book,  the “Great Crash Ahead”. While none of us have a crystal ball, it is a very interesting read.

    Dent is predicting a 2012-2014 housing collapse here in Australia by 50%  and a retest of 2009 stock market lows. I wouldn’t like to be that precise.  I believe it’s coming after a retest of market highs. The Stock market is manipulated. The professional money push it higher to sell and offload they also change their positions to the downside.

    I believe this to be one of the key factors,  watching what they buy and they do this usually in market rallies, not falls. They hedge or buy puts which are at their lowest volatility. Makes sense doesn’t it to watch the “insiders”?

    I urge you to rent out the movie “The Inside Job”. It’s a documentary exposing what happened in the 2008 Lehmann brothers collapse.

    The smart money knew what was coming so they sold most of their CDO’s (Collaterized debt obligations) which were toxic mortgages to new buyers like Lehmann brothers,  Meryl Lynch,  Wachovia Bank to name a few and immediately hedged which means they bet on them falling. Why would they do that? Because they knew the risk of default was inevitable.

    What is happening today has an eerily similiar picture of what happened in 2008. So what can we do? We all live busy lives, kids, houses, finances, work, holidays- it seems we are always on the go. I can’t stress enough how important it is to go out and do research on the financial world, because ultimately you are responsible for deciding how you invest and live your life.

    You shouldn’t take advice from any one person, not me, not your broker, always ask questions and look at the bigger picture. The thing I love about being a trader is I have a choice. I can’t change the rules, laws, bills or taxes that are put upon me, but I can keep my eyes out for opportunities to trade, regardless of the market direction.

     
  • Trader Lyn

    Trader Lyn 10:49 am on October 26, 2011 Permalink | Log in to leave a Comment  

    Earnings season update and why be concerned about Europe? 

    Shares of Green mountain coffee roasters GMCR fell sharply after Monday’s short covering rally they are due to report earnings today for the last few months insiders have been quietly dumping shares. They remain under investigation by the SEC although not formally accused of accounting or disclosure fraud yet. It will be interesting to see their audited numbers.
    Netflix NFLX  A  DVD and streaming video provider reported a $0.21 earnings beat in Q3, but warned that Q4 earnings and margins would be lower than consensus estimates shares were down -27% that’s  a 60% decline prior to the Q3 report

    Amazon AMZN shares fall 15% after reporting lower-than-expected revenue growth numbers

    3m MMM also missed earnings shares falling sharply 5% down.

    Laurel said to Hardy “Another fine mess you’ve gotten us into”

    Markets are looking to the European Union’s grand plan to the debt crisis which was promised to be released today in the hope to avert a global recession.

    But the plan is delayed, yet again, as governments failed to agree on details.

    Italy’s growing debt is running at 120 percent of GDP they are the second highest in the eurozone after Greece at 170 percent.

    The governor of Italy’s central bank, Mario Draghi, has already expressed concern that rising borrowing costs are threatening to eat up a chunk of the 54 billion euro in austerity measures approved by parliament last month.

    For weeks, the European Central Bank has been buying up billions in Italian bonds, trying to keep Italy’s borrowing costs down.

    Italy’s fate is crucial to the eurozone because it is the third-largest economy and issuer of sovereign debt to the tune of 1.59 TRILLION euros and would be too expensive to rescue

    To avoid a collapse, the European Union is working on a 3 step plan –

    1.    How to bail out Greece

    2.    How to shore up the European banks’ capital levels so they can deal with those losses on Greek bonds.

    3.    How to increase the European Union’s bailout fund

    Banks and private investors have been asked to take a 60% loss on their Greek bond holdings so far they are refusing taking to the streets and protesting.

    Their concern is forcing losses onto banks could trigger big payouts of credit insurance and cause huge turbulence in global markets.

    Greece got a 110-billion euro bailout in May 2010. But that wasn’t enough. So the country needed another 109-billion euro this July. Now THAT is proving inadequate, and an even BIGGER bailout is being discussed.

    If things are this bad in Greece, how in holy heck is Europe going to be able to keep bailing out Ireland and Portugal?

    Or Belgium, which is now seeing its interest rates and default swaps surging too?

    Or Spain, which was just downgraded two more notches by Moody’s?

    Or the granddaddy of them all, Italy?

    There will be a Greece default it’s just a matter of whether there will be an orderly one and whether it will trigger a domino effect.

    The collapse of Lehman brothers will be nothing compared to a Euro collapse.

    The markets are going to continue to be volatile caused by rumours and promises, with big rallies and big sell offs becoming increasingly common. But the long-term outlook remains bleak given the huge debt challenges Europe faces.

    When the former chairman of the fed Alan Greenspan speaks out it’s worth taking notice

    “The European Union is doomed to fail because the divide between the northern and southern countries is just too great” former Fed Chairman Alan Greenspan told CNBC in a recent interview.

    http://www.cnbc.com/id/45033013

     
  • Trader Lyn

    Trader Lyn 1:38 pm on October 20, 2011 Permalink | Log in to leave a Comment
    Tags: debt crisis, , european debt, italy debt, occupy wall street,   

    Earnings season in full force in America…. 

    Apple missed earnings target for the first time in 4 years, causing the shares to plunge $25.00. Big blue IBM also missed earnings earlier this week causing the share price to retreat from new highs, Intel reported stronger chip sales and we had some upbeat news from the financials.

    Bank of America rising by 10% after reporting stronger profits after a year of restructuring. Casino stocks are next to report this week, Crocs shoes gapped down a whopping $10 after missing earnings and Green Mountain coffee Roasters (GMCR) shares fall after some speculation that they are fudging their figures and considering they are trading at 80 times earnings sellers took hold.

    The markets are still very volatile reacting to the news from Europe and another downgrade on Spain’s bond ratings by two notches from rating agency Moody’s. Europe’s lifeline may come from the( EFSF) European Financial Stability Facility to help to the tune of $2 trillion. Meaning leveraging more debt which will only help in the short term. Spain and Italy Debt is the largest some $2.1 Trillion each.

    Expect the markets to stay choppy as problems are still being discussed in Europe to find a solution that is agreed upon by all parties. If this isn’t reached, expect more protests from the people.

    Watch this movement…..The new Global movement of protesters is growing in force and numbers. “Occupy Wall Street” a loosely organized group began protesting corporate greed and social inequality in New York City. Now the movement has spread to other cities in the U.S. and around the world it has spread to 80 countries including all major cities across Australia.

     
  • Trader Lyn

    Trader Lyn 6:12 pm on October 8, 2011 Permalink | Log in to leave a Comment  

    Entering Bear Territory.. 

    20 of the 29 major world markets are in bear market territory. The US is in good company with the majority of major markets in the world in bear market territory and here in Australia we will not escape either.

    Looking at the history of America, they have never had a stable economic rebound without a recovery in the housing and construction market. So what’s going on since 2008?

    Let’s take a look at some recent facts. At the end of August, there were 6.4 million delinquent home mortgages. Combine this with a huge inventory of already foreclosed it’s a classic oversupply situation and 1 in 5 Americans (20%) with a mortgage, owes more than their home is worth, and $7 trillion of homeowners’ equity has been lost in the bust.

    It will take years for the housing market to recover and, hence, it will take years for us to see a meaningful economic recovery in America.

    Without jobs growth the US cannot recover it will take years to create new jobs and now the pain of Europe’s sovereign Debt is exploding fear unrest and uncertainty.

    Moody’s (the rating Agency) has now put Belgium on a warning of a downgrade. Spain and Italy have already been downgraded. This week 9 Portuguese banks have been downgraded along with 2 top British banks.

    The Bear Wrangler says be careful who you are taking advice from – always do your own homework.

    Spruikers, Brokers, Fund managers, and Financial Advisors can all have a vested interest for you to buy stock on dips, calling a bottom or a “bargain time to buy” and or to convince you to hold your current stock because they want their wages and commissions and are prepared to get it at any cost. You will pay them whether you win, draw or loose.

    The Bear Wrangler says “Watch out for the Bull Shi**ers, do your own research, make your own decisions.”

     
  • Trader Lyn

    Trader Lyn 3:28 pm on October 7, 2011 Permalink | Log in to leave a Comment
    Tags: , bear market trader, , european economy, market crash, market downturn, , us debt crisis   

    The Bear Market Wrangler.. 

     

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