Stock Market Crash Aug 2011 or double dip recession?
Posted on 03. Aug, 2011 by in Uncategorized
Wow we have read about the double dip recession for some time is it finally here? My suggestion is YES it has started.
It was ironic that late last year many fund managers and investment banks were marketing several protected investments to clients saying the worst is over the market will recover. However it is now August 2011 and after several banks such Deutsch, RBS and Macquarie saying that the ASX will reach 5500 points again by July 2011 it is obvious they were being very optimistic.
My suggestion for the options trading expert is to take your positions carefully. Look at Fibonacci retracement levels and Elliott wave and be disciplined. Plenty of money to be made at the moment but be patient.
Currently I have been working closely with one of the institutional banks to implement a product that will assist wholesale investors. (note: Wholesale ionvestors are lead by dealer groups) The product is classed as a structrured product and involves gearing. Now that many stocks will reach lower values it may present the perfect oppotunity to do as Warren Buffett doea – “Be Greedy while others are fearful” and gearing of any form, regular or loans may be ideal for the investor looking for good value opportunities.
On a personal note have been reading a great book of late by Tim Ferris called the 4 hour Work Week. This book has changed my life and definitely made life easier. A couple of chapters in he goes in to detail on how to outsource your life – “What The?” yep outsource your life. It is now 3 weeks since I’ve outsourced my life and am currently training my dedicated assistant from asksunday.com to search for my trades. What? I hear you say… Yep have set her up with trading software and teaching her what to look for when she finds something I receive a text message. Currently testing this will keep you posted as to the results. Oh and today made a cool $9000 profit on RIO options contract purchased last week.
Chat soon
No related posts.
Follow Us
