My Journey to Financial Freedom and Success In Life

Recession or No Recession?

You decide:
a) Dow Jones Industrial Index shed about 400 points within a few days, the lowest in 3 months


b) Crude Oil tops US$135 per barrel today

c) The minutes of the US Federal Reserve April 28-29 meeting signaled it was unlikely to cut interest rates again soon. You can get the full minutes from this website : http://money.cnn.com/2008/05/21/news/economy/minutes/index.htm?postversion=2008052114


d)US Federal Reserve cut its forecast for economic growth in 2008 and warned of higher inflation and unemployment on Wednesday

Bla Bla Bla .........

Sigh!!!!!!


How Did All These Affect My Progress??





ANALYSIS

Goal #1:
I am still trying to get use to blogging. Again, anyone who can suggest any topics/issues to include in my blog, appreciate your comments.


Goal #2:

How? Recession or not?





I am still cautious when doing my options trading in the US Equity market. As I am blogging now, Dow Jones Industrial Index just shed 227.49 points on Wednesday's trading. My strategy is to hold those long term leap options and look out for opportunity for short term momentum options. I bought both call and put options over the last few weeks and close it on the same day. Dare not hold overnight especially when market is driven by any stupid news. All those who are trading in US Equity market like me out there, MUST keep reviewing the news, trends, fundamental and technical anaylsis. Very important.


Goal #3:
I have finally completed my main content. Will reach the peak of my work soon. Then will sweat like mad.




How? Have you at least been motivated to create wealth in the way you have not thought possible in the past? Look at the prices of food items. For example, just last week, I bought a packet of fresh milk at S$2.75. Yesterday, the same packet cost me S$2.95. Everything is rising but pay remains unchange.

Let me reiterate, my belief ie "only you can help yourself".

Same humble words from me for those trading in the stock market, please trade WISELY and CONFIDENTLY. Don't forget to watch the market even more now.

Cheers.