socialist reality grows stronger

The solution for too much debt is not more debt - although that's what Europe and others seem to think the solution is. It's crazy. They should be forcing countries to cut spending, they should allow creditors to take big losses, they should allow people to go bankrupt. The idea of printing more money and buying worthless bonds instead of allowing people to go bankrupt is how you destroy an economy.


The way capitalism works is if you make bad investments, you lose money. In the US they've had states and cities go bankrupt a number of times, but it didn’t end their existence and the US dollar. You start over from a stronger base once you acknowledge your mistakes. That's what's capitalism is all about. Sadly, capitalism is increasingly practiced only in theory, while the statist and socialist reality grows stronger.

from the book "The Trading Tribe"

This is a paragraph I wrote about my experience with TTP  for " The Trading Tribe " book;


Through consistent practicing of TTP I came to the place in me where I accept and love myself more than ever before. I accept and respect others as they are and share more joy and love with my family and friends. I feel more trust in myself. I feel like I'm traveling lighter through my life journey. I can clearly see what I have, and can share with others. I know my purpose. I am staying more and more in the Now where everything is perfect.


for more information about Trading Tribe Process go to 
http://www.seykota.com/tribe/TT_Process/index.htm
or email me for more info on PGTribe

Looking at the week ahead

                                   ES_after Friday's close_click to enlarge


The up auction continues with anxiety running high at quarter end and S&Ps up almost 12% for the year.


Last week of March is the most bearish of the month_ so possible consolidation or even a nasty one day shake and bake action_ which would produce some new patterns for us to trade.


Remember, price predicts the future_not investors. 

Have a great week.

wrestling with revenge

If there is one emotion that is completely void of the essential quality of good sense, tolerance, accurate thought and wisdom, it is that emotion we call revenge. It quickly derails one from his definite chief aim, causes a loss of focus, drains one's vital positive energy and ultimately self sabotages one's own journey towards achievement.

And so it with us in trading, when caught in destructive quest to satisfy our desire for revenge, it blinds our ability to think accurately, become productive and lose sight of our goal.

IRE_for your review

                             click on the chart to enlarge it

                         
                     http://finviz.com/quote.ashx?t=IRE&ty=c&ta=0&p=d


The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.