If you find my writing & opinions about mortgage finance helpful check out where you can get my advice on how to make money with stocks.
You'll have access to everything I think & do as I trade stocks. You'll learn how to do it yourself as I'll teach you in high-definition videos.
Check it out at www.TidalwaveTrader.com today!
Amidst all the bond market moves let's switch gears and just do a quick digest on the stock market.
Overall, as the "rubber" of the financial alchemy of recent years meets the market "road" we are finding values nowhere near what they are marked down on the books. Oops!
In order to cure this ill market players are in a rush to raise cash anyway they can. You raise cash by selling stuff.
That's why for the foreseeable future expect the market to become dominated by more sellers than buyers. That's why, way back in September of 2007 I told my members of Tidalwave Trader to go to CASH.
"Sell it all," I said. Thankfully, we got through the door before the stampede of realization began.
With the stock market turning over how are you reacting?
Are you left reacting? Wondering how you will ever make sense of the constant ups and downs of the stock market?
Would you prefer to have been acting in advance, you know, being proactive? If so, you will want to click on over and pick up my free audio CD that will get you the information you need. This audio CD will cover the winning strategies that professional stock traders use to continually survive in the daily challenges of the stock market.
Where should you go to find this free CD, just click on Trading Stocks right now!
In this turbo-paced world of change in the mortgage and equity markets I thought I'd give everyone guest access and a peak behind the curtains to see what is happening with members of my online, living textbook experience, Tidalwave Trader.
Click here for your access to this week's Market Insights.
This episode is chock full of my read on what is really moving these markets, some stocks to be watching to make money during the carnage, and some key thoughts regarding the mortgage financing check-up everyone should be doing to make sure they are on a rock-solid foundation.
Enjoy!
Brett
A quick note regarding the big rally in the Dow Jones Industrial Average yesterday. That 2.09% gain for the day was impressive but what is the basis for it?
Remember how over the past 5-6 years we've always been told that the consumer is driving our economy. Well, with the economic data showing a slowdown in consumer spending how can the stock market be rallying?
Listing to this clip from MarketWatch:
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I am thinking the same thing. Ask yourself this; what is the continued driver for higher prices ahead? Consumer spending numbers are slowing down. The real estate market has tremendous risk ahead. Inflation is moderating albeit at a very slow pace. What is the next super growth industry? Is it still the Internet? Web 2.0?
The bullish story we are being told is suspect. Ask around your personal sphere of friends, family, and co-workers. What is the current pyschology regarding the real estate market and everyone's feeling of "wealth" as they see a slow real estate market and falling real estate prices?
Always liking a challenge I ventured to try test my trading skills in CNBC's Million Dollar Portfolio Challenge.
After eight weeks of trading I am currently ranked in the top 2% of about one million stock trading fanatics like me. In fact, CNBC brought in a bunch of celebrity traders. As I was checking in on my portfolio tonight (see www.brettgrendahl.com/CNBCMay1.pdf) I see that I am beating out ALL of the celebrity traders handily. This includes Christopher Gardner (The Pursuit of Happyness) and Chris Moneymaker (World Series of Poker). See how the Celeb's are doing at http://contests.cnbc.com/milliondollar/celebrity.do.
That put on big smile on my face. :)
How did I do this?
Well, I will be covering this in more depth in my living textbook, Tidalwave Trader, sometime in June. Stop on by during your browsing today and sign up for a 60 day trial on me (www.TidalwaveTrader.com).
With two weeks left to go it's going to be hard to get into the top 10 but I am surely going to give it my best effort!
Brett Grendahl
