gambling den..the house (20%) always wins :)

punters (80%) lose..they only get entertainment value..

my sentiments exactly..

it's all abt capital protection..

u can't sell @ the high..but most important is that u do not lose! i.e make profit for the purpose of capital protection..

• Banks are failing every week and some really big ones. FDIC insurance fund is depleted and there are rumors of a bank holiday being called in September.
• The market has risen 50% from March lows, thats never happened without a significant increase in GDP and corporate earnings.
• The U.S. is running a $1.8 trillion deficit. 2010 should be $2 trillion.
• The US dollar is on life support
• Every month a new record in home foreclosures is announced
• Real unemployment U-6 is almost 17% and growing
• Retail sales are horrible.
• China's market is down almost 15% in a few weeks (a leading indicator of western markets)
• The Fed is monetizing the debt and trying to hide it.
• Most technical indicators are extremely overbought.
• September is the worst month of the year for stocks on average.
• The political environment is combustible.