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Once Again Sell-Off

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We continue looking for the news around “Sell-Off” topic to learn how to trade for the next step. Make use of the notes and your day trading techniques, success will be in your hands. Keep in touch and good luck!

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Once Again Sell-Off

  1. 1. Once Again: Sell-Off We continue looking for the news around “Sell-Off” topic to learn how to trade for the next step. Make use of the notes and your day trading techniques , success will be in your hands. Keep in touch and good luck!
  2. 2. <ul><li>Yesterday I said “The crack pipes were so stuffed with Hopium Tuesday that the opposition of members of the German high court didn’t affect the market at all. Equities gapped open MUCH higher…then died. </li></ul>
  3. 3. <ul><li>The first 5.5 hours of the day was terribly range-bound with no volatility at all. When new news hit the tape late, however, the market went into a tailspin.” </li></ul><ul><li>That tailspin continued Wednesday. </li></ul>
  4. 4. <ul><li>From the (AP) we read — A three-day winning streak in the stock market came to an end Wednesday as investors worried about Europe’s ability to contain its debt crisis. The Dow Jones industrial average fell 180 points. </li></ul>
  5. 5. <ul><li>Raw materials companies had the biggest declines after prices for commodities like copper and oil fell sharply. </li></ul>
  6. 6. <ul><li>Traders focused on remarks from German Chancellor Angela Merkel suggesting that the second bailout package for Greece might have to be renegotiated. </li></ul>
  7. 7. <ul><li>Several European leaders want banks to take bigger losses on Greek bonds. France and the European Central Bank oppose the idea. </li></ul>
  8. 8. <ul><li>Once again it was all about Europe, or Greece to be specific. Until there is a concrete solution of the current back & forth problem (read: bankruptcy), this will continue. </li></ul>
  9. 9. <ul><li>Trade well and follow the trend, not the so-called “experts.” </li></ul><ul><li>Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters. </li></ul>

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