Trading Blog: TnT Group

Pretty interesting video. This was posted on youtube about a month ago, so many of you may have seen it, but for those that haven’t it is quite interesting. The video may be a bit over the top, however we have seen what can happen in these markets and with everything that the is happening in the world and what our government is doing these results are  not out of the realm of possibility.

Brian Tehako here doing a blog on October 19th, 2010.

If any of you watched the web cast on nakerdtrader.com I did talked in depth about today’s events.

I only want to talk about the one main event of the day… CHINA!!!

I was sitting around this morning drinking my HI-C when out of nowhere the minis drop like 3 handles.  I initially thought that someone got the Goldman earnings early.  Because our BLOOMBERG sucks and we get everything late.  But then all of a sudden the headline popped that China raised their rates .25%.  The first time in 3 years…… HOLY CRAP.  This is huge.  On that I was very skeptical of this.  But the one thing I felt confident doing was selling commodities.  This worked really well as they all dumped across the board.

This might be the worst thing that could happen to this market.  China is trying to cool and we are trying to start a fire with handfuls of $100 bills.  Who is gonna win????

It ain’t gonna be the good old USA this time kids.  We are heading into a currency war and a verbal war with China.  Why FU*# with the one country we need to stay afloat.  But being Americans that is what we like to do…. Bite the hand that feeds us.

So here is what I think and here is what we have on.  I think the dollar is gonna gain strength off of this.  The commodities are gonna go into a tail spin.  The equities are gonna stay weak.  If we do not do over a trillion dollars in QE2…… See ya meat….. We are going into a free fall in the equities and commodities…. It’s gonna be a blood bath.

On that happy note…… Happy Trading!!!

Don’t be drinking while your trading!!!