We Must Stop Arguing

Yesterday the market opened with downside immediately, but the new issue May put was available at prior day close on market swings mid morning, and profitable for day trading.

And, our higher risk call was also available below prior day close, and as we advised, could have day traded by noon for 1.00 per contract. And by 2:00 this could have been traded again for up to 1.50 a contract as the market began to move up.

This is earnings week, and the news will be interesting, with banks potentially showing some profits,and some sectors showing just how deep the bleeding is.

Citi recently offered a new program "Pre-approved for $5000.00 credit line, sign up. In the fine print, the consumer could pay as high as 30% interest. This is EXACTLY why capitalism must be regulated.

Our media we all know has given us more of the fear. In fact, last December the media predicted the demise of Ann Taylor and Zales by end of 09 and suggested all gift card holders cash in.

Every time companies do poorly, as another example, the trickle downstream continues, with other industries affected by the first industry, and the ripples devastate more of the economy.

Much of what we must do is stop arguing, about what will work, about who is right, who is wrong. Earnings will be tough, and we may show downside, but a healthy consolidation is what we need for more growth in the overall economy.

Of interest is that by early afternoon the mood had shifted and the "crash protection team" was in place to be ready for inflated bank earnings, and determined to hold the market up, allowing for two way trades. All puts and calls were profitable.


Floydian Therapy:

❑ There are really three ways we make whatever we believe come true, or at least seem to be true ):

1. Attract people and situations that make it come true

2. So believe that there is no reality. You so believe your interpretation that it seems to be true. (I am so ugly that no one likes me)

3. Act in a way that your actions make it come true.

❑ No belief is intrinsically true or false. You make what you believe come true, or seem to be true, by what you do inside and what actions you take. You cannot evaluate by “true or false”; it’s circular logic.

❑ You can’t argue this thinking with indisputable facts. A rock is a rock, but you could create the delusion it was not. In fact, in other world, it is not a rock. It may not even be hard.

❑ If you believe something is possible, you want it, and you know this....you can make this belief DRIVE YOUR ACTION. You first must know what you really believe.

Join me if you are interested in Private Counseling with Floydian Therapy:
Write me at : floydiantherapy@gmail.com

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