“Your big opportunity may be right where you are now.” -Napoleon Hill
Commerce Department Says Economy Gaining Speed Despite a Number of Negative Factors
The most recent report out of the U.S. Commerce Department provides the market with a much needed morale boost, stating that our economy experienced its fastest growth - 3.9% - in 1.5 years during the July-September quarter.
Speaking about our country’s economy, Ed Lazear, the chairman of Bush’s Council of Economic Advisers commented “This is an extremely resilient economy,” he said. “It is really quite remarkable.”
Although the credit crunch is obviously a major concern, the article below provides more than a glimmer of hope that maybe things aren’t so bad after all. At least not quite yet.
http://biz.yahoo.com/ap/071031/economy.html?.v=25
Leave a Reply
Stock Ticker (OTCBB): PENC
Website: Click here to visit.
Click here for more on this Spotlight Company »
Despite the inertia that seeps into every traders brain when they have an active trading morning, keep in mind that your risk/reward ratio changes throughout the day… dramatically!
A weaker volume market is a more volatile market and a more volatile market is harder to trade when using any type of trading system (which you are… right?). Remember that the first hour after market open and the last hour before market close are the strongest and most trend following hours of the entire trading day. The hours in between should only be traded by savvy and impeccably disciplined traders who do not mind twiddling their thumbs in order to keep from getting trigger happy.
Read the rest of this tip »
Have something on your mind? Ask questions of the editor here. We pride ourselves on our prompt responses.
Don’t forget, our FAQ is pretty extensive and was built by answering questions just like yours. It may already have the answer you are looking for but if not, we are standing by to help.
P.S. If you see any posts that are inappropriate, sponsored or could be considered a misuse of the forum, please report them to the editor so they can be moderated, removed or blocked. Thank you for your help in keeping this forum poignant and useful.
Thank you!
The MSP Team
