thanks for the article. i'm passing it on to everyone i know.
sell people and take your profits now because this ship will sink fast. if you don't have at least 100 shares of FAZ for protection then your are un-prepared and you are probably having dream about your teeth falling out. get some FAZ 'just in case' and you will sleep easy. if gs goes up you can only lose less than $500 if FAZ goes to $0 which it won't. if the financials break down then you will preserve capital with FAZ and you can take your profits from it and dollar cost avg down on GS. safest way to play imo. i'm out of FAS as of friday 3:55 pm if i miss another move up, oh well. but i am loaded with FAZ. ride em up ride em down profit both ways and sleep well at night.
dgp is a great play also as gold is headed much higher
A MUST READ...send to your Congressman. O.K. - so now anybody with any marginal intellectual curiosity KNOWS the game is rigged...the S.E.C. is actively aiding, abetting, & protecting corporate criminals...the Treasury (with SEC's blessing) is telling banks to cook their books...and the average American Idiot "investor" both LOSES TRILLIONS and pays for the WINNER's BAILOUTS. - All with the blessings of a Congress that has taken a sworn oath...
That's the best article I've ever read. It actually woke me up from my fantasy that I could
have a trading career if I just figure out how
to limit the losses. I suspected many of these things all along after seeing Jim Cramer's video on The Street.com three years ago when he admitted
that it's ez to take the mkt down if you have at least $25 million (as in hedge funds). Now I see the bigger picture, that retail traders are just little fish for the big sharks.
Where is 60 Minutes? - Average investor doesn't have lobbyists- caught unaware. How come EPIC corporate fgraud and abuse has EXPLODED since Sarbanes-Oxley was enacted? The S.E.C. takes on the occasional "little fish" to make it appear useful. "Missed" Madoff, Stanford, AIG, Fannie, Bear...just issues a press release about 8 New Jersey penny stock traders.