Money Matters Now

StockTradingMaster asked:

www.guerillastocktrading.com I have been receiving emails from subscribers asking me to give my thoughts on SPY and if I’m still short this market. No doubt this is a tough market to earn money in whilst we have the kind of sideways trading we have had this week. But the last thing you want me to do is to take some type of balancing on both sides of the fence tactic like John Murphy or Arthur Hill have. You would like me to give you my belief of the stock market and how I am playing it right now, not a spectacle about how I don’t give buy and sell recommendations and rather only comment on the technicals. I declare if you are incapable of forming specific buy and sell thoughts based on your technical analysis, then what good is your technical analysis? The only logic for why we do technical analysis is to make money. If you are not making money with your technical analysis then it is rubbish to you, you might as well throw what you are doing in the garbage. The Russell 2000 and the Nasdaq are leading the SP 500 and the Dow down. This is a bearish sign for the wall street. The SP 500 is in a downtrend. It has strengthen from the strong downtrend we had a few days ago. Does this indicate our shorts are in danger? No. It is still a downtrend. Not as strong a downtrend as we like, but all the same a downtrend. I am holding my short position on Consumer Services (SCC). SCC is in a very weak uptrend. The same logic applies to specific stocks as it does the key indices. It’s b…/b

tradeartist asked:

forextradingseminar.com Another of the “Forex Trading Secrets” that should be obvious to everyone. Find out yet another tactic that differentiates the successful traders from those who lose.

Did your debt collection agent indicate that you do not have the option of filing for bankruptcy and that you had better pay up the entire debt before legal action is initiated? Well, any person who has become irregular in repayment of debt will get to hear all these things. This can be very disconcerting.

The fact that your collection agent knows that you have filed for bankruptcy in the past and knows that your future options are limited can be very unnerving. The basic idea behind this tactic or strategy is to intimidate you and convince you to repay the debts as quickly as possible. Do you know that you can bring down your debts without violating the law and without destroying your credit history even if bankruptcy is not available?

There are many reasons why you may not be in a position to file for bankruptcy. From a legal disqualification to disastrous consequences on your spouse or family members or public life-there can be many reasons. You would not be impressed if the President’s brother files for bankruptcy, right? In the same way, your spouse may lose her face if you are to opt for bankruptcy and make a mess of yourself in public life, right?

Why don’t you opt for a solution that will help you operate from the confines of your house? Why don’t you go in for a debt settlement? The process of settling your debt is not a very complicated one. It is slightly technical but that disadvantage can be overcome by making use of reputed debt settlement service providers. The basic idea is to reduce your debt by a significant percentage as quickly as possible.

Secondly, you should come up with a repayment plan that is feasible and realistic. There is no point in going in for solution that expects you to be at the top of your financial discipline for the rest of your life. When such a thing is not going to happen, what is the sense in planning for the same?

Once you have appointed the settlement expert, you just need to sit back and wait for the progress reports. Lenders will be approached, negotiations will be conducted discreetly and written communication shall indicate the final conclusion of the negotiations.

There is no need for any third party to even know that you are facing a debt problem. You just have to proceed and manage all your debts. The next time your collection agent calls and talks of your inability to file for bankruptcy, just point out that it is a silly solution and you opting for something much better – for you as well as for the lender.

By: Vikram Iyer

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