September 26, 2008
By ryan45 on Sep 26, 2008 in Featured
The market brought opportunities for us to make money in both directions today during our time window. Yesterdays breakdown in talks in regards to the bailout caused a drop in the market, yet this mornings open signaled that discussions are back on track and that there will be a deal reached. The collapse and subsequent bargain basement buyout of Washington Mutual by JP Morgan Chase overnight brought more fear and uncertainty to the market as this weeks decline was the worst we’ve seen since February. The market continues to show uncertainty and cautiousness while waiting for the final details on the “bailout.”
Todays percentage was .28% with only 7 minutes engaged in live trades. Movement is there due to uncertainty. The Matrix Wealth Trading System is designed to flourish in conditions such as these, yet investors are cautious and hesitant due to the recent turmoil in the market. For a more in depth look on the conditions of the proposed “bailout,” check out the report issued by Weiss Rating Service at the request of congress at the following link. http://www.weissgroupinc.com/bailout/Bailout-White-Paper-Sept-24-2008.pdf. Meanwhile, we’re going to enjoy our weekend and look forward to what the market will bring next week.
IMPORTANT NOTICE: Futures trading has large potential rewards, but also large potential risk . You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
