
The Financial Market
Thursday, January 24th, 2008
What the heck is going on? Some of the craziest things I’ve ever seen have occurred this week. In France, a 30 year old at a bank traded over 7 and 1/2 billion dollars in losses. If thats not enough, he was able to hide it from the bank itself. NUTS. Absolute nuts.
I know a lot of people out there have watched their portfolios dwindle this new year. I managed to pull in about a 10% gain. I had been shorting the technology sector using Ultra Index ETFs, specifically REW. I sold on Wednesday, The market appeared to have some short term support. I am very much on the fence as to where we go from here…. Thursday may provide more questions than answers.
Good luck.
What the heck is going on? Some of the craziest things I’ve ever seen have occurred this week. In France, a 30 year old at a bank traded over 7 and 1/2 billion dollars in losses. If thats not enough, he was able to hide it from the bank itself. NUTS. Absolute nuts.
I know a lot of people out there have watched their portfolios dwindle this new year. I managed to pull in about a 10% gain. I had been shorting the technology sector using Ultra Index ETFs, specifically REW. I sold on Wednesday, The market appeared to have some short term support. I am very much on the fence as to where we go from here…. Thursday may provide more questions than answers.
Good luck.
