Manias Panics and Crashes
The Book Manias Panics and Crashes can be found at amazon.
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Wk47 Analysis
Thanksgiving week is here, which means the markets will be closed Thursday and a operate on a half day Friday. Monday is bleek for news, but Tuesday we have GDP and slew of news on Wedsnesday as well. Historically the day before thanksgiving is almost always an up day. Pretty meaningless for intraday trading, but a little something to make note of.
Politics Explained – In Cow Terms
SOCIALISM: You have two cows. The state takes one and gives it to someone else. COMMUNISM: You have two cows. The State takes both of them and gives you the milk. FASCISM: You have two cows. The State takes both of them and sells you the milk. MILITARY DICTATORSHIP: You have two cows. The State takes both of them and shoots you. BUREAUCRACY: You have two cows. The state takes both of them, accidentally kills one and spills the milk…
Look out Below!
With a hefty down day today where can we expect to take a breather? The 50MA of the S&P500 is approx. 1165 and that’s where we are targeting for a breif pause.
Wk46 Analysis
A great week ahead with options expiry on Friday. Everything will come down to the high or low of last Friday. If we break the high expect to make new highs on the year, if we break the low expect us to continue drifting lower.
Filing for Trader Tax Status
“In this world there is nothing that is certain except death and taxes” -Benjamin Franklin Green Trader Tax If you trade full time and even part-time you may be eligible for “trader tax status.” Trade tax status is especially important in you trade equities. The biggest advantage to claiming “trader tax status,” is the ability to elect Mark to Market accounting. MTM accounting allows the trader to treat capital gains and losses as ordinary gains and losses. Filing under “trader…