SAN JUAN, Puerto Rico - A tax break for rum produced in Puerto Rico and the U.S. Virgin Islands may trigger a hangover for proponents of Congress' huge bailout bill after the U.S. Senate tacked on tax reductions for the islands' liquor.
A group of House Republicans in Washington who have opposed the $700 billion bailout indicated Thursday they would support the bill if it is slashed to $250 billion and if several tax breaks added by the Senate — including the one for rum — are removed.
But authorities in Puerto Rico and the U.S. Virgin Islands pointed out Thursday that the bill to cover federal taxes on rum from the tropical territories dates back to a 1917 act and is typically renewed with little fanfare.
"People who didn't notice it previous years, well, they definitely noticed it now due to the financial mess," said Jaime Gonzalez, senior policy adviser for Puerto Rico's nonvoting representative in Congress.
Territory officials say the measure is not a payout to rum producers, and the proceeds help finance infrastructure and public services.
Ryan Alexander, the president of Taxpayers for Common Sense, a Washington-based watchdog group, said including tangential items such as the rum provision in the midst of a high-stakes debate over a historic bailout package was "pulled out of an old bag of tricks."
"Many of these tax extenders have been waiting in the wings for months, hoping for a legislative train to leave the station," Alexander said in Washington. "In these times of historic economic turmoil, it is hard to believe that these narrow tax benefits are in the best interests of the country."
Donna Christensen, the nonvoting congressional delegate from the U.S. Virgin Islands, denied the rum measure is "pork barrel" spending. She described it as part of Washington's traditional benefits to the governments of the U.S. islands, where rum is a key industry. The tax break expired on Dec. 31, 2007, and the bill would extend it.
In Washington, a group of 23 House Republicans — 20 of whom voted "no" on Monday to the bailout — held a news conference Thursday to call for the amount of bailout to be lowered and for the removal of the four tax breaks. Republican Rep. David Hobson of Ohio called the add-ons "outrageous."
In its current form, the estimated cost of the U.S. Caribbean rum tax proposal, which provides payment to Puerto Rico and the U.S. Virgin Islands for rum imported into the mainland, is $192 million over 10 years.
___
Associated Press writer Andrew Taylor in Washington contributed to this story.
Friday, October 3, 2008
Thursday, October 2, 2008
Thursday Day Trading: ES Short $500 on 2 Contracts
Click on chart for comments on the ES Market trade.Good Trades,
David AKA Tiger
"This Is Why We Trade" - Jay Kaeppel
Jay Kaeppel, Optionetics.com October 1, 2008
This is why we trade. When the world goes to heck in a hand basket around us and seemingly cataclysmic events swirl round us completely out of our control. The value of our house may decline. The business that supports our livelihood may suffer anywhere from minimal to major damage. Our 401K may start to look like a 201K. Politicians on all sides blather on attempting to assess blame as far away from themselves as possible. Talk of the next Great Depression may become more common. Yes, the perception may be that it is all imploding down around us.
This is why we trade.
Not because it’s cool or fun, or an interesting hobby. Not because we have all of these fast computer and lots of data and an endless array of tools and techniques to work with. Not because we enjoy exchanging ideas with other individuals regarding the latest and greatest methods and techniques. Not because we enjoy telling our friends about or latest conquest in the markets or draw comfort from commiserating with others regarding our most recent losing trade.
We trade because trading is the only business that allows us the opportunity to make money regardless of the events that go on around us. Granted we must be on the right side of those events – or at least not be on the wrong side for very long – in order to prosper. But that is a given. Unlike true gambling related endeavors, if we make a bad bet, we can with as much haste as possible, pull our bet off the table and wait for a better opportunity. Most “red-blooded Americans” have an aversion to selling short. Too much risk, too much uncertainty, and doggone it we like it when things go up not down. And in a perfect world that would be great. If you dare take your hands from over your eyes and survey the current state of affairs the odds are good that you will conclude that this is presently not a perfect world.
But you see, this is why we trade.
When those things around us are good we can take a long position and prosper. When those things around us head south we can sell short and do the same. Wait a minute. Doesn’t that make us “evil speculators?” Not by any sane definition. By any sane definition we are simply people who prefer to shape our own destinies rather than rely on others to do it for us. We are simply people who when faced with adversity would rather take responsibility rather than sit around and whine and complain that no one is bailing us out. People who trade are the true capitalists. And while some seem to be taking great glee in disparaging capitalism these days, the fact is that those people are fools.
Freedom – not only freedom to live as you choose but to make your own way in the world – is the single greatest “entitlement." Slowly but surely this right seems to be slipping from our grasp. More and more the “powers that be” attempt to assert greater control over the everyday lives of others. This more than anything explains the great unraveling that we are witnessing today. And we also must recognize our own culpability in all of this. Perhaps if we had looked up more often from our big screen TV’s and laptops and BlackBerry’s, if we had not assumed that rising home prices – which entered a somewhat parabolic ascent in the early to mid 2000’s, the ultimate kiss of death for any asset – like rising stock prices, were a sure thing, perhaps we might have elected officials who had more in mind than serving up another entitlement program in order to garner votes for the next election.
Somewhere in the past two decades too many people came to the conclusion that because we now have high technology that we are somehow impervious to the economic cycle. So let me be the first to say, “Welcome back to reality.”
Still, this is why we trade.
Unless and until they close down the exchanges and simply have government set the price for everything, we have the opportunity to continue to live a decent lifestyle. Until the income tax approaches 100% (somewhere, some politician just read this and thought, “why didn’t I think of that?”), we can take steps to continue to make money as other avenues dwindle. No politician is going to solve the current state of affairs. Only “the people” can do that. And this week some of those people actually stirred from their slumber.
The “Bail Out”
I’m going to be brutally honest here. I don’t really understand all of the details involved with the attempted bailout that failed on Monday. I do know that Monday was quite obviously a cataclysmic day. In fact, I never thought I would see the day when the sight of the stock market dropping 7% to 10% in a day would arguably be “the lesser of two evils." I mean I know that they keep telling us we have a “financial crisis” on our hands and that “government must act” or things will “collapse." And I admit that there is a part of me that would probably had breathed a slight sigh of relief if the bailout bill had passed. But at the same time if my choices are to:
a) watch the stock market melt down and allow a potentially dangerous situation to continue, or;
b) allow the federal government to massively assert control over a huge part of our economy using our own tax dollars.
I have to say there is not a lot to choose from. Yet there is a part of me that is content to “let the chips fall where they may.” I understand that doing so might unleash something worse. Still, would you buy all those bad mortgages with your own money? If not, why is it OK for the government to buy them with your own money? Just a thought. One idea I heard floated that sounded good to me was for the government to sell banks insurance. If a mortgage goes bad, fine the government picks up the tab, as opposed to buying up the whole lot. Its sort of like an insurance company that has a choice to, a) insure a bunch of firetrap buildings and paying off when one does burn down, and, b) buying all the buildings so that they already own them when they do burn down.
Just a thought.
Politicians will always be happy to assume more control over things. Not the responsibility to make those things work mind you, but definitely the control part. Likewise, politicians will always be happy to spend your money. In fact, the more the better. But before deciding how you feel about the whole “stock market meltdown versus incredibly expensive government takeover” conflict, consider the following. The reason that the bill failed to pass was because so many politicians heard from so many angry constituents voicing their objections to the bill.
So let’s see. The choice was either to have a Congress comprised of self-serving, semi-socialists with an approval rating of 20% take money out of your pocket in order to assert more control over your life with the promise that “this will make everything all better”, or to have those same politicians actually vote “the will of the people." Hmmmm. Interesting concept that. Of course with this particular group that sounds more like using the voters as an excuse. I mean when have they listened to the voters up until now? And do “the people” really understand what is at stake here? If banks start collapsing left and right “the people” will then start carping about why Congress didn’t pass the bailout.
In the short run the stock market may well have “breathed a sigh of relief” had the bill passed. But there is no guarantee that the bill – and isn’t it interesting that they can’t get anything done for months at a time but when it comes to “saving us from ourselves”, they claim to be able to sort that out over a weekend – would actually make things better. The market knows all. Eventually it is going to go where it is going to go. And no politician can change that fact.
Summary
This is an investment column not a political op-ed. So I want to make sure I play this down the middle. So here goes. There is an election coming up (perhaps you’ve heard a little something about that). The majority of people gravitate to one side or the other and then look at events through a prism that shows their favored side in a more positive light, then proceed to argue talking points with those looking through a different prism. Not enough people take the time to actually look at facts anymore. Hey, this is America, you can do that if you want (at least for now). And with all of the blame passing and scape goating going on it is fairly easy to take comfort in your own preconceived notions. Nevertheless, given the current state of affairs it is incumbent upon all citizens to open their eyes and their minds and to truly analyze how we got where we are today. And to carefully consider the best way to move forward (hint: it might take more than a weekend).
George Bush has been president for eight years and Republicans controlled government for six of those eight years. So there is no way they can avoid their culpability. At the same time, it is a matter of record that a few years back Republicans called for investigations into alleged problems at Fannie and Freddie and Democrats killed the idea. And one could argue that things have gone south since Democrats took control of the Senate and Congress in 2006. Meanwhile deficits soared under George W. Bush.
There. Now I have sufficiently ticked everyone off. But that’s fine. You should be ticked off. And by that I mean ticked off enough to actually examine “the facts” rather than relying on any personal political bias. Waiting around for this current batch of politicians to “save our souls” does not appear to be the most prudent of ideas.
As I said, this is why we trade.
To search for previous articles written by Jay Kaeppel, please click here.
Jay Kaeppel Staff Writer and Trading Strategist
Optionetics.com ~ Your Options Education Site
This is why we trade. When the world goes to heck in a hand basket around us and seemingly cataclysmic events swirl round us completely out of our control. The value of our house may decline. The business that supports our livelihood may suffer anywhere from minimal to major damage. Our 401K may start to look like a 201K. Politicians on all sides blather on attempting to assess blame as far away from themselves as possible. Talk of the next Great Depression may become more common. Yes, the perception may be that it is all imploding down around us.
This is why we trade.
Not because it’s cool or fun, or an interesting hobby. Not because we have all of these fast computer and lots of data and an endless array of tools and techniques to work with. Not because we enjoy exchanging ideas with other individuals regarding the latest and greatest methods and techniques. Not because we enjoy telling our friends about or latest conquest in the markets or draw comfort from commiserating with others regarding our most recent losing trade.
We trade because trading is the only business that allows us the opportunity to make money regardless of the events that go on around us. Granted we must be on the right side of those events – or at least not be on the wrong side for very long – in order to prosper. But that is a given. Unlike true gambling related endeavors, if we make a bad bet, we can with as much haste as possible, pull our bet off the table and wait for a better opportunity. Most “red-blooded Americans” have an aversion to selling short. Too much risk, too much uncertainty, and doggone it we like it when things go up not down. And in a perfect world that would be great. If you dare take your hands from over your eyes and survey the current state of affairs the odds are good that you will conclude that this is presently not a perfect world.
But you see, this is why we trade.
When those things around us are good we can take a long position and prosper. When those things around us head south we can sell short and do the same. Wait a minute. Doesn’t that make us “evil speculators?” Not by any sane definition. By any sane definition we are simply people who prefer to shape our own destinies rather than rely on others to do it for us. We are simply people who when faced with adversity would rather take responsibility rather than sit around and whine and complain that no one is bailing us out. People who trade are the true capitalists. And while some seem to be taking great glee in disparaging capitalism these days, the fact is that those people are fools.
Freedom – not only freedom to live as you choose but to make your own way in the world – is the single greatest “entitlement." Slowly but surely this right seems to be slipping from our grasp. More and more the “powers that be” attempt to assert greater control over the everyday lives of others. This more than anything explains the great unraveling that we are witnessing today. And we also must recognize our own culpability in all of this. Perhaps if we had looked up more often from our big screen TV’s and laptops and BlackBerry’s, if we had not assumed that rising home prices – which entered a somewhat parabolic ascent in the early to mid 2000’s, the ultimate kiss of death for any asset – like rising stock prices, were a sure thing, perhaps we might have elected officials who had more in mind than serving up another entitlement program in order to garner votes for the next election.
Somewhere in the past two decades too many people came to the conclusion that because we now have high technology that we are somehow impervious to the economic cycle. So let me be the first to say, “Welcome back to reality.”
Still, this is why we trade.
Unless and until they close down the exchanges and simply have government set the price for everything, we have the opportunity to continue to live a decent lifestyle. Until the income tax approaches 100% (somewhere, some politician just read this and thought, “why didn’t I think of that?”), we can take steps to continue to make money as other avenues dwindle. No politician is going to solve the current state of affairs. Only “the people” can do that. And this week some of those people actually stirred from their slumber.
The “Bail Out”
I’m going to be brutally honest here. I don’t really understand all of the details involved with the attempted bailout that failed on Monday. I do know that Monday was quite obviously a cataclysmic day. In fact, I never thought I would see the day when the sight of the stock market dropping 7% to 10% in a day would arguably be “the lesser of two evils." I mean I know that they keep telling us we have a “financial crisis” on our hands and that “government must act” or things will “collapse." And I admit that there is a part of me that would probably had breathed a slight sigh of relief if the bailout bill had passed. But at the same time if my choices are to:
a) watch the stock market melt down and allow a potentially dangerous situation to continue, or;
b) allow the federal government to massively assert control over a huge part of our economy using our own tax dollars.
I have to say there is not a lot to choose from. Yet there is a part of me that is content to “let the chips fall where they may.” I understand that doing so might unleash something worse. Still, would you buy all those bad mortgages with your own money? If not, why is it OK for the government to buy them with your own money? Just a thought. One idea I heard floated that sounded good to me was for the government to sell banks insurance. If a mortgage goes bad, fine the government picks up the tab, as opposed to buying up the whole lot. Its sort of like an insurance company that has a choice to, a) insure a bunch of firetrap buildings and paying off when one does burn down, and, b) buying all the buildings so that they already own them when they do burn down.
Just a thought.
Politicians will always be happy to assume more control over things. Not the responsibility to make those things work mind you, but definitely the control part. Likewise, politicians will always be happy to spend your money. In fact, the more the better. But before deciding how you feel about the whole “stock market meltdown versus incredibly expensive government takeover” conflict, consider the following. The reason that the bill failed to pass was because so many politicians heard from so many angry constituents voicing their objections to the bill.
So let’s see. The choice was either to have a Congress comprised of self-serving, semi-socialists with an approval rating of 20% take money out of your pocket in order to assert more control over your life with the promise that “this will make everything all better”, or to have those same politicians actually vote “the will of the people." Hmmmm. Interesting concept that. Of course with this particular group that sounds more like using the voters as an excuse. I mean when have they listened to the voters up until now? And do “the people” really understand what is at stake here? If banks start collapsing left and right “the people” will then start carping about why Congress didn’t pass the bailout.
In the short run the stock market may well have “breathed a sigh of relief” had the bill passed. But there is no guarantee that the bill – and isn’t it interesting that they can’t get anything done for months at a time but when it comes to “saving us from ourselves”, they claim to be able to sort that out over a weekend – would actually make things better. The market knows all. Eventually it is going to go where it is going to go. And no politician can change that fact.
Summary
This is an investment column not a political op-ed. So I want to make sure I play this down the middle. So here goes. There is an election coming up (perhaps you’ve heard a little something about that). The majority of people gravitate to one side or the other and then look at events through a prism that shows their favored side in a more positive light, then proceed to argue talking points with those looking through a different prism. Not enough people take the time to actually look at facts anymore. Hey, this is America, you can do that if you want (at least for now). And with all of the blame passing and scape goating going on it is fairly easy to take comfort in your own preconceived notions. Nevertheless, given the current state of affairs it is incumbent upon all citizens to open their eyes and their minds and to truly analyze how we got where we are today. And to carefully consider the best way to move forward (hint: it might take more than a weekend).
George Bush has been president for eight years and Republicans controlled government for six of those eight years. So there is no way they can avoid their culpability. At the same time, it is a matter of record that a few years back Republicans called for investigations into alleged problems at Fannie and Freddie and Democrats killed the idea. And one could argue that things have gone south since Democrats took control of the Senate and Congress in 2006. Meanwhile deficits soared under George W. Bush.
There. Now I have sufficiently ticked everyone off. But that’s fine. You should be ticked off. And by that I mean ticked off enough to actually examine “the facts” rather than relying on any personal political bias. Waiting around for this current batch of politicians to “save our souls” does not appear to be the most prudent of ideas.
As I said, this is why we trade.
To search for previous articles written by Jay Kaeppel, please click here.
Jay Kaeppel Staff Writer and Trading Strategist
Optionetics.com ~ Your Options Education Site
Wednesday, October 1, 2008
$50,275 Total Trading Account from May 2008 to September 2008
Hello Traders,Here is a request that I have had on several occasions to update on the trading method and strategy and how the trading is going.
The monthly totals on posted trades:
May 2008 ==> $4,562.50
June 2008 ==> $8,187.50
July 2008 ==> $8,200.00
August 2008 ==> $8,931.25
September 2008 ==> $20,393.75
Grand Total to the End of September: $50,275.00
Good Trades,
David AKA Tiger
Wednesday Day Trading: ZB Concentration
Click on chart for comments on ZB market trade.Good Trades,
David AKA Tiger
Tuesday, September 30, 2008
Tuesday Day Trading: $2900 Bond Trade Short
Click on chart for comments on the ZB short market trade.Good Trades,
David AKA Tiger
Monday, September 29, 2008
Monday Day Trading: NO Bailout ZB Trade Before Decision
Click on chart for comments on the trade. Total $3031.25 on 3 contracts series.
1/3 off at 118^03 = $250
2/3 off at 118^30 = $1093.75
3/3 off at 119^17 = $1687.50
This was an awesome day in the bonds today before the decision from congress on no BAILOUT package. With that being said, I am not sure where we go from here.
Dow down it's biggest single day loss ever ... these are definitely scary times. Staying DISCIPLINED and under SELF-CONTROL was the key to success as a trader today. In any case, where do we go ... I have no idea ... the only thing I know is this about trading ...
"Trade What You See and NOT What You Think."
Good Trades and God Bless America,
David AKA Tiger
Saturday, September 27, 2008
September 28, 2008: Knight Capital Weekly Wrap Up
Weekend Wrap Up
Hello once again, what a September to say the least. Seems like every Sunday this month something big is happening that moves the markets.
For those that are new to trading, making announcements and doing things over the weekend to this magnitude is rather new. I really can't remember the markets being so active on Sunday's for a whole month like they have been this month.
On my blog, you will find the latest video of the week. This is my best trade of the week video. The trade was able to capture $1050 on two contracts following the greenline aggressive strategy, that I like to employ on one half of my contracts.
For big accounts, those trading 20 contracts this move then was worth $10,500 on Thursday September 25, 2008. Go check it out for yourself at: http://www.knightcapitalmanagement.com/
In addition, I was informed yesterday that if any one here on my list would like to go to the Boot Camp held by Rockwell Trading, then Rollie White is offering a special discount early bird offer once again.
They have 25 of 30 seats filled, so 5 left and they really would like a full house. Several people that were going to attend from Houston or not coming due to the Hurricane that went through there.
My thought and prayers to the people in the Houston area, we have friends that were effected from that big storm. With that being said, because of the people unable to attend, they have a couple of spots open now. And would really like to have a full house for their first boot camp in October. The deadline to make a decision is October 1, 2008, this coming Wednesday.
This is the same company from where my templates come, and the basic training I received when I got back into day trading. I am not of the habit of recommending a company, but this is one that I know has their hearts in the right place. Markus is a true trader and friend, in an ocean of sharks. Link to Rockwell's Day Trading Boot Camp: http://rockwelltrading.com/products-and-services/rockwell-trading-boot-camp
For those who would like to learn more, or who don't have the funds at this time to go, or simply is not the right time for you, then can I suggest a strategy to you, that you can employ today.
Here are the results over the month of September from Rockwell on a LIVE Daily Chat Room, that you could attend for a small fee. They have traded one contract to over $11,000 now in less than a month of trading. http://www.rockwelltrading.com/trading-room-results
In closing, I want to say that if you are looking for a trading strategy and method to employ right now, then this may be for you. I encourage you to take a look and join the trading room for a week, and see if it makes sense to you.
As always, if I can be of any assistance, then please let me know. If you do decide to take up my offer on any of Rockwell's services, then let them know that David Knight sent you. This could help you get an EXTRA DISCOUNT! :-)
Good Trades,
David Knight AKA Tiger
Hello once again, what a September to say the least. Seems like every Sunday this month something big is happening that moves the markets.
For those that are new to trading, making announcements and doing things over the weekend to this magnitude is rather new. I really can't remember the markets being so active on Sunday's for a whole month like they have been this month.
On my blog, you will find the latest video of the week. This is my best trade of the week video. The trade was able to capture $1050 on two contracts following the greenline aggressive strategy, that I like to employ on one half of my contracts.
For big accounts, those trading 20 contracts this move then was worth $10,500 on Thursday September 25, 2008. Go check it out for yourself at: http://www.knightcapitalmanagement.com/
In addition, I was informed yesterday that if any one here on my list would like to go to the Boot Camp held by Rockwell Trading, then Rollie White is offering a special discount early bird offer once again.
They have 25 of 30 seats filled, so 5 left and they really would like a full house. Several people that were going to attend from Houston or not coming due to the Hurricane that went through there.
My thought and prayers to the people in the Houston area, we have friends that were effected from that big storm. With that being said, because of the people unable to attend, they have a couple of spots open now. And would really like to have a full house for their first boot camp in October. The deadline to make a decision is October 1, 2008, this coming Wednesday.
This is the same company from where my templates come, and the basic training I received when I got back into day trading. I am not of the habit of recommending a company, but this is one that I know has their hearts in the right place. Markus is a true trader and friend, in an ocean of sharks. Link to Rockwell's Day Trading Boot Camp: http://rockwelltrading.com/products-and-services/rockwell-trading-boot-camp
For those who would like to learn more, or who don't have the funds at this time to go, or simply is not the right time for you, then can I suggest a strategy to you, that you can employ today.
Here are the results over the month of September from Rockwell on a LIVE Daily Chat Room, that you could attend for a small fee. They have traded one contract to over $11,000 now in less than a month of trading. http://www.rockwelltrading.com/trading-room-results
In closing, I want to say that if you are looking for a trading strategy and method to employ right now, then this may be for you. I encourage you to take a look and join the trading room for a week, and see if it makes sense to you.
As always, if I can be of any assistance, then please let me know. If you do decide to take up my offer on any of Rockwell's services, then let them know that David Knight sent you. This could help you get an EXTRA DISCOUNT! :-)
Good Trades,
David Knight AKA Tiger
Thursday, September 25, 2008
Thursday Day Trading: ES Spike Reversal Long Trade
Click on chart for comments on trade.Entry on Spike Reversal at 1217.25
1/2 Target 1220.25 Hit!
Stop Hit at 1218.25
on Aggressive Greenline strategy on second half.
Today total trades on every 2 contracts was 25 points
or $1250 for every two contracts traded today.
Not a bad day!!
Good Trades,
David AKA Tiger
Thursday Day Trading: ES Final on Long Trade
Click on chart for comments on the ES market trade.Final Trade
Exit 2/2 off at 1218 or $900 per contract
Plus the $150 from the other half ...
gives a total on the trade of $1050.00.
Not to shabby on a trade that you held from 9:45AM Eastern time and exited around 2PM Eastern time.
Good Trades,
David AKA Tiger
Thursday Day Trading: ES Long Trade on Greenline
Click on chart for comments on trade.Entry at 9:45AM Eastern time at 1200.00
1/2 Exit at 1203 for $150 per contract
2/2 Exit following Greenline Exit Strategy still in trade.
Good Trades,
David AKA Tiger
Wednesday, September 24, 2008
Unless We Forget ... September 11, 2001 Tribute
I know a lot has been said about the bailout of September, but let us not forget what really started all of this ... September 11th, 2001. This day will continue to be a day that CHANGED the WORLD for most of us that call ourselves Americans.
Let's not forget the real reason that caused all of this mess in the first place. The rules have changed. The world has changed. Let's make it a better one to live in. I know for me it is important to bring my children up to the best of my ability.
To teach them about God and Jesus, and how he died for us on the cross. All of this mess, everything we see leads us to that final day. How far or how close no one knows ... but closer we come each and every day we live on this planet.
In any case, as I see all this gluttony and these companies being punished, for some reason it brings me all back to 2001, and the day that changed many of our lives forever. As we get closer to the next Presidential election, Americans will be deciding once again on who will lead us for the next 4 years.
My pick is McCain and Palin. My main reason is this ... would you hire a fresh out of school MBA student to run a billion dollar company? If you say no, then why would you elect a man that his only qualification is running for the next office.
I believe McCain will continue the fight to keep not only your children safe, but mine as well. In this new world environment, at some point, it will come down to US vs THEM. Who the THEM is still being decided, but one thing is for sure, if you are a Christian, then you can see the battle lines being drawn as we continue down the road to end days.
Now don't get me wrong, I am not saying the world is going to end tomorrow. We are assured that we will not know the time or the hour of HIS coming. You know I just don't trust a man that has no religious beliefs that I can say that is why I like and will vote for him. In any case, I wish you and yours all the best, and remember when it is just you in the voting booth ...
Who will keep America safer?
Ok, I am off my soap box. Hopefully, back to trading in October when all the dust settles. I have made my money for the month and I am taking my ball and going home now. If I see something that screams at me, then I will let you know. But needless to say, I am basically on the sidelines until October now.
Good Trades,
David AKA Tiger
Tuesday, September 23, 2008
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