Welcome to the Week in Review!
We discuss the recent market action (Look at those DOW Transports!), GM, Chrylser, and some up and coming content to the daily blog here.
Here is a chart of the DOW Jones Industrial average that I discuss during this podcast ...
(You can enlarge this picture, in a new tab or page)
(Podcast Included. If you're seeing this entry elsewhere and cannot play the podcast? Click this link to go to the exact podcast entry ...)
Click here to download this podcast.
Here's what a city looks like? When the dominanting industry is forced to close, or move away:
Gary, Indiana ... (Photo by Lee Bey)
Seriously. Gary Indiana is a ghost town. Massive disinvestment and decreases in population has left entire sections of the city completely deserted. This has affected Chicago, which in turn forced massive disinvestments upon St Louis as well. The effects were felt across the entire Midwest.
Later Edit: Boy, blew that call on the DOW. Wasn't alone, but the portfolio is up. Remember ... hedge yourself.
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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 13 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.