Sell!! Sell Sell

Markets offered great opportunity yesterday to get in some short positions on global stocks especially bank stocks. The stocks don't seem to go up at all whereas gold is ballooned up just as a security for lay man. The shares like Walt disney and various banking sector stocks came off a substantial propostion of their market value. There is currently no signal of any kind of buy for me in this market. No stock or any company seems to please my eyes as everything is over capitalized compared to original market value.

Banks or government re-financed debt???

These western banks don't seem to stand back up after major debacle of 2008 sub prime crisis. The most important mistake has been the government intervention in securing their debt. Its a funny situation in the end where government bailed out banks and got bankrupted themselves. It is very funny indeed because it provides unnecessary volatility in the market. The VIX Index was over 20% and it was recorded one of the highest for this year. This unnecessary volatility attracts various speculators who take advantage and make millions. How can a economy be sustained if its based on speculators??

Is electronic trading an improvement compared to floor trading?

A hell no. Electronic trading of derivatives have made it worse as it just promotes speculation with better technology . We are heading for the times where these derivatives products will create huge animosity among the so called civilized people.

I still believe and firm on my opinion on DOW, Sand P 500, NASDAQ or any other global stock index. A big Sell.

Trade well and be safe.