Shop Around...

Shop, shop, shop, shop with that pound. I mean, dollar... I've got a new perspective, so scroll down...

Today, retail sales were better than expected, but the rally I was hoping for did not materialise, although there are at least three noticeable W double bottom formations on major market indices around the world - namely the 5-day FTSE, Eurofirst, and Shanghai. S&P 500 looks like it's about to dubbaya as well.

Does it mean anything? Or am I jumping to conclusions here?

Nikkei also looks like it might try for 10,000 again and Shanghai faked everyone out and bounced back above 3,000. Treasury yields also apparently jumped - sharply.

This week's big event seems to be Bernanke's Friday Commentary, so I'm going to use the time between now and then to try to buy on a dip. I'm quite sure I got played with BAC, though I'm of the opinion that if I can get into another lot with C or a comparably priced stock, I'll be doing just fine this holiday season.

Sometimes, I don't get why Bernanke always has to blah, but I guess you won't get why I always have to blah either. My report card was definitely blah:

+0.19% on the SBA
+0.14% on the Roth IRA


I was doing my own homework this weekend and noticed that NFPs had a major pivot point back in April 2010 by breaking the downtrend with a major hiring spree. I'm going to watch out for psychological levels or when we get to a Fib level on the total number of jobs lost during the downturn. According to my calculations, we had a decline of about 6.2 million NFP jobs since Bear Stearns. Net NFP job creation since April 2010 stands at 629,000. When it gets to a psychological level such as 1 million, the momentum will most likely really get going. So, now I'm going to start my own market accumulation strategy and do the whole mini-monopoly thing even though short term, it might get scary.

I also found this article about Zoe Cruz, who was previously with Morgan Stanley. It was such a dated article, but it got me so inspired because she's got a fascinating story - especially the part about the trader who reported to her who ended up making more than she did - and I started wondering... can I do it too? Make millions... just like that?

I think I've already got the Czarina part down pat...

But the article definitely inspired me to think that if you've got talent, you need to stand up and defend that talent. And you definitely need to get paid for it! So what I'm doing by quitting my job even though I only have a small bike-sized account... it might seem crazy (and what about me isn't). But I know what I'm doing! (Darn it!) LOL.