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Wednesday, May 5, 2010

State of the Economy: The Continuing State of "Drag" (And Peter Schiff is Still Wrong) (VIDEO)

"Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor." - James Arthur Baldwin

With the dive the stock markets and some of the metals took recently, and the absolutely parabolic moves in the U.S. Dollar, ones have asked for my thoughts regarding the "state of the economy".

As follows, are my thoughts ...

(Video Included. If you're seeing this entry elsewhere and cannot play the video? Click this link to go to the exact video entry ...)



Remember, the credit markets rallied yesterday, which is what you'd want to see, when the stock market and commodities plummet. If the credit markets fall, while the stock market falls, as well as the credit markets ...

Then it's time to worry.

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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 over 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.


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