Questions?

Questions? With a collective global shrug of the shoulders, we are left with more questions than answers as we all stop and wait for the FOMC meeting on June 19th and 20th, or at least a few clues from Ben when he testifies before the Joint Economic Committee of Congress on Thursday.   Will he pull out the big bailout gun and launch QE3? Or will he just extend operation twist? Will it lead to a global bailout coordinated with the European Central Bank?   Who knows?   Here’s one question we can answer: Will any of these bailouts work?  Of course not!   Ex-Treasury Secretary Paulson had a big bailout gun once – he called it a bazooka and expected to scare the market with it. Would he use it?  Indeed he did, and it was filled with confetti. It made no difference to the market.   Forced liquidity is a failed experiment that has proved fruitless time and time again.   It’s pretty bleak so I thought I’d add a little Monday levity. Here’s 90 seconds that describes the sad reality of US banking and politics - in Dr.Seuss style prose.   http://youtu.be/UjZSCi2MSc4   Trade well and follow the trend, not the so-called “experts.”   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 banking mafia.   larrylevin@tradingadvantage.com Trading Advantage (888) 755-3846     Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results.     Trading Signals from the Electronic (ES) mini-SP 500                               No “Secret” signals today. Algorithm positions (4) “Reading the Tape” positions (6)…combined Secret’s, Algo, &   “Reading the Tape” total… -0.75    Click Here to See Yesterday's Detailed Results           Value Areas: ES        1277.00 / 1269.50 POC... 1273.00 YM      12099 / 12051 NQ       2472.75 / 2450.25           Notes from the Pit Click here to read My Links: See how I became a trader See Larry's recommended trading computers Read about my intensive Training Programs IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results. DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site.

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