Archive for August, 2007
Friday, August 31st, 2007
Why I Don’t Short This Market Despite The Bad News
Thanks for visiting. This Blog and is intended for individuals with Net Annual Income of $105,000 or more.
Get Rich Slow + Get Rich Quick = Get Rich Slick. If you’re new here, you may want to subscribe to my RSS feed. A few people have e-mailed and asked why if I’m so sure that […]
No Comments » - Posted in Rants by RichSlick
Friday, August 31st, 2007
The News Keeps Getting Worse
Geez. Everyday, a new headline emerges that begins to put things in perspective of how bad the sub-prime mess is impacting financial markets. The latest headlines, “Freddie Mac plunges as housing crisis rumbles on” and “Leading lender likens US credit crisis to Great Depression” are just a couple this week.
The sad truth however, is that […]
No Comments » - Posted in Watch Out by RichSlick
Thursday, August 30th, 2007
The Fundamental Flaw of Capitalism
If you’ve read my blog for some time now you know that I’m a capitalist at heart but the sub-prime fiasco is bringing back memories of my young high school days in which a group of friends debated the pros and cons of capitalism, socialism, communism. I always liked to play devils advocate so […]
No Comments » - Posted in Financial Safety by RichSlick
Wednesday, August 29th, 2007
These Markets Are Scary, Why You *should* Be Afraid
There are perennial cheerleaders in the finance world. Normally, the perennial cheerleaders are those people that have a direct interest in keeping YOU buying in any market: good, bad, flat. Why? Because they make money when you buy by charging you fees, commissions, and other charges that siphon money out of YOUR […]
6 Comments » - Posted in Watch Out by RichSlick
Tuesday, August 28th, 2007
The Fed is Caught Between A Falling Dollar & Runaway Inflation
It’s the age old catch-22 for the Fed. Everyone and their mother is begging the Fed to lower rates. Let’s run through the scenarios.
If the Fed lowers the rate from 5.25% to 5% then “easy” money starts flowing again and the speculative bubbles re-emerge but that’s not the worst part. The […]
1 Comment » - Posted in The Fed by RichSlick
Monday, August 27th, 2007
My Quick Reference Sheet For ETFs inside the ETF-Cashinator™
I had a few people asking me questions about the ETF-Cashinator™ and the ETFs that I invest in so I whipped up this quick reference guide. The main criteria for inclusion in my ETF-Cashinator™ are:
Average daily volume of at least 100,000 shares
ETF must have an options market
ETF is from major market maker
There are some exceptions […]
No Comments » - Posted in MMO by RichSlick
Sunday, August 26th, 2007
Oh My God, Look At This…
This is so strange. Billions being bet on market falling in September! Check out the image! And check out this link.
It’s PANDEMONIUM!
If the market tanks, don’t say no one knew anything because I’ve never seen this kind of volume on such deep in the money calls. It’s PANDEMONIUM! As a reminder, I’m 100% cash right […]