Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We did trade today, looking for something similar like last Friday. Well, it did not happen. We ended up making few cents due to the larger lots traded, which with one winning trade was able to cover the trade costs for four rounds. Dear Lag reported gains on some of his shorts and Jason also in NZD shorts. John, who trades small lots, has also reported gains. I had some additional gains in currency traders, which I do not announce on this board. Misrable market closed misarably down. We shell see what MDS has to say about all of this. Meanwhile that son of a gun is raking again like bandits sell came around 137x and we are 1330(so he the machine is ahead another 40 points?). Enjoy the weekend and let us hope there is some stop to ANTI-DOLLAR ORGY around this important time cycle of March 3.
Ok, subject of MUNI bonds has come up again. And for sure there are problems in the MUNI land. Now I did buy some MUNI bond funds. I bought some for myself. Mostly CMU and MUB. I have sold part of those(almost all MUB - no YIELD) in the process of trimming after MDS sell( reported here). But still have 5% of my money in them. I do not have a large loss and I expect to buy if the market offers even better discounts. You do not have to do that, but one does not have to do anything, just buy the 3% money market fund and that is it. But that does not get you too far unless you are millioner already and that could make you not to be millioner pretty soon. So, risk is part of investmenet ladnscape. If you can not risk then do not invest. My personal approach is to buy when blood is in the street and to buy more when there is more blood in the street. So, it is a matter of money management not the absolute knowlege of the markets that needs to make you money. I usually buy 1/5 or less when I want to buy something. Then I watch and if prices go down , but feel that this investment is not going to ZERO, then I buy another 1/5th and etc. until I allocated all money that I want to allocate to that stock/instrument. That is it. Investment is work and one must know when to work. Also, one needs to know that MUNI's in general will not default in large number and if they do, then you and I perhaps do not need money. So, do not worry about investments. Besides, if such disaster was to strike the USA/WORLD you must have purchased the insurance I told you long time ago - CORE GOLD HOLDINGS of 5%-15%