"It's not because things are difficult that we dare not venture. It's because we dare not venture that they are difficult." - Seneca
Interesting to say the least.
I recorded the video below? And the market was down 568 points as I recorded it. I was finishing it up? And down it tanks another 200 points.
Listen. This isn't about the stock market. This is about the credit markets. This is about the lack of trust in the markets. This is about the fact that none of us can see over the counter derivatives, know what they are worth, because they are not on an exchange where they are regulated and transparent. And everyone knows that what is out there? Is over-leveraged to the hilt.
So since they are not transparent? Since no one knows what is really out there? No one, and I do mean ... no one ... trusts one another. Banks do not trust one another. Therefore no one trusts anyone elses line of credit. And investors know that without credit? Every thing grinds to a halt. It's a self-feeding circle.
But what if you have that 'one stock that you just know will turn around'? What if you're banking on faith? You can change your 401k, so what would I do with it? Well, I talk about that in the following video ...
(Video Included. If you're seeing this from Email subscription? Click on the Title Link in the Email to View the Video ...)
Remember. Friday at 4:30 pm eastern standard time. BlogTV.
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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.