Advantage BEARS …
Markets did their minimum and … after the usual bounce around month end …
Bad news comes in …
After AIG and Freddie Mac and Allianz yesterday (old stuff) …
today a new (known) hole was presented to investors …
Citibank will have to buy back their auction-rate securities … at least 7 bln$ of losses to come from that …
others think it could cost more than double of that …
Bank of America following suit … so the financials play it again …
Another quarter … another bad “surprise” …
To be honest … why does nobody take these brainless greedy criminals to court???
Take their money and lock them up … disgusting 
To top the day off, we had (as one should have expected) a cautious outlook from WalMart as the Govt. checks helped only for a short period …
And … 2 more US warships are on their way to the Gulf … C’mon … who believes the US Govt???
Iran will be attacked … Republicans see this as only chance to stay in power …
So … advantage BEARS … remember … the traditionally weaker time of the year is around the corner …
I am so happy to go on vacation SOON 
Watching the Olympics and enjoying the sun with the family … I like that …
Tomorrow will be my last working day … 
Tags: auction-rate securities, Bank of America, Citibank, financials, Iran, WalMart, war
August 8th, 2008 at 07:53
Hi Oli, have a great holiday! I read your site every day and I must say: you’re good! Thnx and keep it up…
I’m having a very hard time (buy on tops and sell on lows, emotions, all that stuff), any tips?
Grtz Wim (Netherlands)
August 8th, 2008 at 09:22
Thank you!
IMHO … the only way to success in trading is to realize the following points:
1. Trading is a business and therefore requires education
Wait for your chance and take it.
2. The only way to profits is technical analysis
3. Read books, visit seminars and apply that stuff AFTER verifying that it is worth doing it
4. Decide on your timeframe and stick to it
5. After you have found an approach, which suits your personality AND is profitable … TRADE IT and forget about emotions … Why? Because you KNOW, you have an edge … so no reason to be emotional
6. Never force a trade … if you go hunting, it never helps just to shoot around
That’s it … difficult enough still.
Take care! Oli
August 10th, 2008 at 09:19
hi Grtz Wim
the market since 3 days was shoppee & not normal , the dollar $ stringh was fake , no body could know from were this strong us $ come from , i see many poeple complain from huge losses & margin call last week in many sites , you are not alone for what happen to you
i hope if i fine explenation for the us dollar stringh last week ? and how long will it last ? i only hear that there is sales of plains more than 200 bln dollar ?
August 15th, 2008 at 11:26
Oh dear … Nabeel Where do I start ?
Oh I know … get off the internet until you learn English .. you loser.
You attempts at spelling “shoppee” and “stringh” were just plain embarrassing for me as a human, please eradicate yourself. Do not come back, and do not visit any more blogs or news sites, you are not worthy.
Gregory
P.S Sorry Oli, but that idiot had it coming with that nonsense.
August 15th, 2008 at 18:46
will Gregory ??? your are big ass hole ( perfectly in english letter )
i know Gregory your lose in last week make you idiot ? ha ha ha ha
so try to control your feeling
you know in blog i can’nt edit again what i wroght ???
sorry again for mr. oil for my respond to that children in this blog , & i hope to keep this blog clean from this kind of letter teacher ??? , & leaving this blog to exchange ideas.
every one make mistake in spelling around the world.
i hope mr. oli will delete the last 2 respond in this post.
August 15th, 2008 at 19:10
Oh dear, Nabeel. “Oli”, not “mr oil” should delete the last four indeed.
However I feel that it is important to remind ourselves of such idiots in existence and preserve these comments for future reference.
I would hate to think that the world would not get to see what i wrote, oh sorry “wroght”, before i pushed the Submit button. You see it is very difficult to proof read ones own work when you are stupid.
Perhaps would could all hope to be “letter teachers” one day and then this type of nonsense would not happen.
As for your perfect English … try “arsehole”, not “ass hole”, you neanderthal !!! look that up in the dictionary you idiot. ass hole makes about as much sense as your pathetic English.
Gregory
P.S Sorry Oli, but that idiot had it coming with that nonsense.
August 15th, 2008 at 21:13
so Gregory you hope to be teacher but this will be in your dream asshole , no body teach people by this Dirty way of speaking like you did.
)
it look that you born in cow farm to speak like this way & it show the original of your country idiot .
just leave the trading it is not for you cowboy , your massive lose in trading make you very stupid , i hope you will Compensate your ( 300 $ lose very soon
also to be known that my english is my second Language after arabic
so fucker even if i use google translateor i will not get perfect spelling
if you don’t like this just leave the internet & keep milking of your family cow
i know the people like you near the keyboard can write anything they want , but in the street they are chickens …. like you
September 2nd, 2008 at 10:29
hmmm … I hope, you made both money or went on vacation …