Nothing is Really Better

The market, bolstered by the FEDS decision to hold rates, spent yesterday in slight retreat, and the euphoric buy slowed. A follow through day, on high volume, would have indicated stronger upside potential. As it stood, the market may easily top at our Dow projections, and lead to trade range retreat.

Nothing is really better. Downside may occur again simply on the lack of real news of merit.

The Federal Reserve, out of control, and years of excess, have led us to our own lack of controls. Bush has taken a "terrorist attack" and turned it to a 10 billion a month fiasco of world confusion, with few even supporting us now (do you know what countries still "work and help" in Iraq?), an utter abandon of environmental proactive thinking, and a unique support of oil that has allowed prices to rise.

Of course no administration is to blame for all of what so hurts us, but the thinking of such an administration, and how it affects the average Joe American, is.

For the first four years Bush was the hero. We were winning the war. He was our war President. He pumped for privatized Social Security on the first month of the second four years, and even dumber Americans that voted for him twice began to wonder if this was smart.

Imagine if it had happened. We have "almost" forgotten this as the new round of babbles begin, and McCain tells us that the Democrats will raise taxes, that the Capital Gains tax will be eliminated, and that we must be powerful.

Perhaps it is time to not be powerful? But, to be smart?

I write this to help us know WHY facts are being manipulated, WHY oil is at highs, WHY debt has never been higher, WHY the dollar at all time lows. These are the real discussions of our economics and politics, and what affect health care will have on our citizenry without a solution to our issues. The real issues are NOT terrorism in Iraq, but our own terrorism by lack of action for our citizenry. The terrorists are within. Strip mining Wyoming for coal is terrorism by self sabotage.

A Floydian lesson:

Trader "R" wrote yesterday to ask "do you ever kick yourself for selling too early and missing profits".

My response is quite serious and very important: I NEVER look back. I NEVER let greed enter my mind on "what I could have done." Instead, I review what I did do, and what money I did make, and do analyze if I left too early, but not to think what I could have earned, rather to understand what I could do better.

Always leave profits on the table, and NEVER sell at the high. This is GREED in action and will fail you.