And the Band Played On

While the stock markets all rallied in a fit of enthusiasm for the bull market, other markets continued with their trends as well. Gold breached the $1,060 level for the December Futures contract and the dollar index set a new low for the year. Just what we needed, as other countries are having closed door meetings about whether the US dollar should continue to be the world’s benchmark.

Now I can’t imagine why the world would be nervous about our future stability. I know we have record single year deficits and future exposure of tens of trillions of dollars, but we have the best and the brightest working to solve these problems. No I am sorry I may be wrong about that. The world’s greatest generation is retiring. They are buying up cheap condos in Boca Raton, Florida. They are getting fitted for golf clubs and tennis shoes. They are saying the hell with it and hunkering down.

The generation in charge is clueless about what to do. They would rather keep being elected than solving a problem. They would tell their ten year old the way to solve a debt problem is to first quit spending, but then tell their voters what is needed is a trillion dollar stimulus package. This isn’t a political statement! Both parties have driven this country into the ground and we are at the edge of the cliff on whether we can suitably recover from this mess. This is why meetings about the future of the US are taking place around the world. They see what we all see – a Washington leadership that is incapable of functioning at every level.

So what do we do as investors and active traders in this environment? Learn how to manage your own funds and trade the trends before you. In the next few weeks, Traders Country Club will be making some important announcements to make sure the Shufflers are ready to take the reigns and control their own nest egg. Besides, when it is our turn, we want to make sure we all can enjoy the Florida sun and be on the back nine before noon.

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