The only thing more ridiculous than a headline like that is a headline like: Madoff Trustee Spent $26.9 million, Recovered $849,000.
The clocks were set back one hour last night in Belgium and I subsequently lost one hour of trading that I would have really enjoyed. But I got to attend the Brian Dolan webinar today, so that more than made up for it. Brian Dolan mentioned that he is the lone voice in thinking there is a possibility that the Fed may not announce the QE2 measures that everyone is anticipating on Wednesday. He showed us some charts and what was most compelling to me is the USD/JPY Daily Chart, which showed an extended, unwavering downtrend. I'm watching this move and if it hits below 75, I'm going to try to catch a falling knife.
Brian Dolan also mentioned that although the official stance of the BOJ is that they will not further intervene in the currency markets, the BOJ is using unofficial agencies to halt JPY strengthening - including the Japanese Postal Something or Other. When Brian Dolan talks about the JPY, one should definitely listen! Actually, when Brian Dolan talks about anything, one should definitely listen!
+0.47% on the SBA
-0.44% on the Roth IRA
The move down on the Roth IRA is much heavier than the move up on the SBA and I've been complaining about the economic performance of my Roth IRA for ages. Therefore, I'm going to have to do some more portfolio rebalancing. I'm paying more attention to BULIF since the LVMH / Hermes rumours are heating up. BULIF has started bouncing and now would be a good time for me to try to sell in favour of my portfolio rebalancing exercise. I'm planning to get into one of my three stocks starting with a B with that moola.
My top secret restaurant stock that I got into back in February is already +50.91%... the problem with this is that the position is too small, so even on a +50.91% move, the monetary value is a bit of a joke. Positioning definitely counts... on a small position, a -50.91% move won't hurt that much. But a +50.91% move on a small amount isn't going to be that pleasing either.
Does anyone think that my investments in Lehman junk bonds and LEHMQ will pay off? I wonder out loud...
And I also wonder out loud... I've now got five courses of action regarding my new job search:
1. look for another job within my industry, which I've already got three new targets for. If I read the signs correctly, these companies have indicated to me on some level that they were interested in poaching me whilst my salary negotiations were going on. Now, let's see if we can take my salary to an ecstatic new level.
2. look for another job on Wall Street! Yes, I'm seriously thinking I can be a success on Wall Street even though my trading doesn't show it. But I can do marketing and with a track record like mine, anyone would be lucky to have me on their team.
3. look for another job in London... oh, wouldn't the GOLs be so lucky?
4. start my own business working within my industry. I'd be able to use very little startup capital as it would be a consulting business.
5. start my own luxury business...
If you ever meet me, you will probably think... how can this little woman who's not even 5'1" be capable of all the stuff that's on my resume? But... it's not about the height, it's about the fight!
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