Just about the first “real” book I recall reading as a kid – you know, other than the Dick and Jane stuff – was a Harold Bell Wright Book entitled, “The uncrowned King”. It was not a complicated story and like many of Wright’s books, it had a message about life and morality.
In the book there were two princes, one named, “Really Is”, and the other named, “Seems To Be”. You probably already know the story from those names. One prince was the rightful heir to the throne and the other was not.
I actually don’t remember all that much about the book – it was a very long time ago that I read it. However, I do remember, the message. Life often presents us with choices between what is real and what seems to be real. And it is not always easy to tell the difference – but it is always important to make the right choice.
Yesterday the FED had its last meeting under Bernake leadership – come January the new Chair of the FED is almost certainly to be Janet Yellen.
The surprise at yesterday’s meeting was the announcement of Ten Billion Dollar in “tapering” of the so called QE bond buying program. Most thought that there would be no tapering and the bond markets got really volatile for a bit. I like to sit out all such times as it is not easy to guess which way the herd is going to dash off in and/or if will quickly reverse and run in the other direction – like yesterday.
But listening to Bernake after the announcement, he didn’t sound all that committed to what had just been announced. What really is and what seems to be is hard to tell when listening to the FED. I get the feeling that they do not even know themselves. Their reality may not be the same as my reality. And my reality may not be the same as the real reality.
If that sounds like I am somewhat confused, I am, but I have often been confused and my life – and that of the rest of the world – has gone on just fine.
What worries me is not that I am confused – it is that I have so damned much company. I am just a little nobody – my company, unfortunately, is in very high places.
I don’t think that “tapering” will last – but I think “tampering” will, unfortunately, last for a very long time.
So I will trade with caution because market tampering seems to be with us – and a long time to come. As one young Indian maiden said to another, “These days it is getting harder and harder to make a buck.”
Exchange rates table is provided by DailyForex.com - Forex Reviews and News
Live currency cross rates is provided by DailyForex.com - Forex Reviews and News
Live indices widget is provided by DailyForex.com - Forex Reviews and News
Live commodities widget is provided by DailyForex.com - Forex Reviews and News
Author & Trader
Thanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!Denis DRussia
Great system – couldn’t trade without it !!Frank YDavid, Panama
….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!Richard DUSA
the SRV’s are spot on !!Tom CUSA
“The SRV’s are amazingly accurate”.Tony Texas
I trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!George SNew York, NY
- January 2017 (1)
- December 2016 (3)
- September 2016 (2)
- August 2016 (2)
- July 2016 (2)
- June 2016 (5)
- May 2016 (1)
- April 2016 (2)
- March 2016 (1)
- February 2016 (3)
- January 2016 (3)
- December 2015 (1)
- November 2015 (3)
- October 2015 (5)
- September 2015 (5)
- August 2015 (2)
- July 2015 (5)
- May 2015 (1)
- April 2015 (1)
- March 2015 (1)
- January 2015 (1)
- November 2014 (1)
- October 2014 (1)
- August 2014 (1)
- July 2014 (6)
- June 2014 (3)
- May 2014 (5)
- April 2014 (2)
- March 2014 (2)
- February 2014 (2)
- January 2014 (10)
- December 2013 (11)
- November 2013 (20)
- October 2013 (13)
- September 2013 (14)
- August 2013 (10)
- July 2013 (26)
- June 2013 (16)