Both India and China's economies will suffer with the turn down here in the US.
"The only thing we have to fear is fear itself."
Thus spoke Franklin D. Roosevelt 75 years ago.
Looking back on Roosevelt's speech in 1933, 4 years after the
infamous crash of '29, he was referring to the economic conditions
of the time -- better known as The Great Depression. In essence he
was saying that if we can't shake our pessimistic economic outlook,
it will be tough to turn things around.
The question is... are things different this time?
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The answer is yes and no. People are still fearful of what the
future holds and they have very little confidence in the economy.
The big difference between the crash of '08 and the crash of '29 is
that we now have India and China on the world stage. Back in '29,
both of these countries where not on the radar. In fact India was
under British Rule.
Both India and China's economies will suffer with the turn down
here in the US. They are now going to have to generate their own
domestic consumption patterns for the goods and services they
formally sold to the US. This is going to be hard to do as so much
of their economy is based on exports which are evaporating quickly.
The fact of the matter is that the markets are extraordinarily
turbulent. We do not expect, even with the worldwide bailout, for
things will be rosy again any time soon. However, that does not
rule out some extraordinary trading opportunities in the markets.
This is a time for rational thinking. It is also a time to
eliminate fear from trading.
There is no need for fear in one's trading plan if you're running
with a diversified program that has proven to be successful over
time. What I mean by overtime is not just the last six months, or
six years, but over a long period of time I mean as much as 30 years.
When you have a program that puts the odds on your side, you can
trade with confidence knowing that you're going to lose some small
skirmishes in the market, but overall you will make money based on
your own trading decisions.
Many of you know that we trade using MarketClub's "Trade Triangle"
technology. This approach has proven successful in all types of
markets, including the one's we are in now.
I've put together a short 12 minute video to show you how we have
fared in three different markets usin g this technology.
For a small percentage of you, this video will be an eye-opening
experience. For another percentage of you, you are already fearless
MarketClub members. There will also be some of you that are
successful traders using your own system, and there is probably no
need to watch this video.
Trading should be an unemotional experience. If you are trading for
the excitement, odds are you're going to lose. If you are trading
just to say that you trade, you're probably going to lose. If your
trade for any other reason than to make money, you're probably
going to lose.
The possibility of successfully trading any market is out there.
This video will show you how our unemotional, time tested approach
to the stock, future, forex, etf, and mutual fund market will put
the odds in your favor that you are on the right side of these
extraordinary trading times.
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