Right on cue, the Chairman of the Shadow Fed, feet firmly planted in fantasy land where euro bonds is the name of the next shiny can aiming to keep the EMU alive, took to the airwaves tonight to commence application of needles to the Angela Merkel voodoo doll. No doubt, there isn't a board of directors of a too big to fail bank working that doll like it's a clogged air filter.
And why shouldn't they? Gasping for air is a condition adequately describing stock price action for investment banks these days. Take Goldman Sachs, for example...
What a nightmare. This stock is poised to be destroyed and it is not alone. What's more, all the "faith" put in the financial system's backstop has had a good couple years now showing itself rather thin. Just like 2008, then, the market's leadership is sure to melt down as the core (i.e. finance) further disintegrates. Indeed, this end appears imminent judging by the technical state of a blue chip financial like Goldman Sachs. How ironic that, Greece — Goldman's mark — could be the one to lunge a dagger straight into the trans-Atlantic banking system's heart.
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
There's an easy way to boost your investment discipline...
Get Real-Time Trade Notification!
What a nightmare. This stock is poised to be destroyed and it is not alone. What's more, all the "faith" put in the financial system's backstop has had a good couple years now showing itself rather thin. Just like 2008, then, the market's leadership is sure to melt down as the core (i.e. finance) further disintegrates. Indeed, this end appears imminent judging by the technical state of a blue chip financial like Goldman Sachs. How ironic that, Greece — Goldman's mark — could be the one to lunge a dagger straight into the trans-Atlantic banking system's heart.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
There's an easy way to boost your investment discipline...Get Real-Time Trade Notification!
