"I don't trade the market. I trade quality individual stocks like ZNGA."
I happened to notice that Europe--I did live there a number of years--was suffering from a bad case of acid reflux disorder last night. Damn, things are almost unfolding in a biblical manner, with a deluge of selling very close to our door. DOW futures are down 80 points at this very moment, but not to worry, our very own Federal Reserve has developed a tradition in the last years of propping up the markets when they suffer a severe coughing fit (via the futures indexes). Things however, sometimes take on a life of their own, and the Federal Reserve is increasingly powerless, having already expended trillions in ammunition (our ammo) since the March crash. I shudder to think how garbage like ZNGA could be washed away in the coming flood. Even Noah's ark cannot save the bull dog. But the longs will say, "What the hell does Europe and China have to do with the upgraded versions of Farmville and Mafia Wars?" Alas, the short answer is everything, and particularly as it applies to liquidity in this marketplace of paper. The seas are becoming rough, so now is the time to adopt a defensive posture. These are not normal economic times, to say the least. Also don't forget that Benny Netanyahu is warming up the engines on the F15 fighters the U.S. taxpayers donated to his fascist cause. That could be the ultimate trump card.
I have always been quite taken with music, perhaps just a frustrated guitarist. I love that old band from Birmingham on the other side of the drink, ELO. I particularly like the creative orchestration. Jeff Lynne wrote the current theme so many years ago. "It's raining all over the world."
An intelligent trader would keep a close eye on physical silver and short the major indexes. Shun garbage like ZNGA as if it were the plague, despite nearly resting on an all time low. The world doesn't end, but there is much rough sailing ahead. It will be very exciting. The big action is in 2013.