ltlee:

For the faint of hearts ....

The kitchen is hot, for good reasons. If one were to examine
the market technicals and fundamentals, one can readily see
that it will be highly volatile. And it will remain so until
the market could see some light at the end of the tunnel.

Which, will remain dark for a while, and, may get darker.

Institutions are not lying down and play dead. They're using
their gimornous clout, to keep the buying and selling spread
low. They're controlling the market volatility by throttling
the spread at will. The result are intense whipsaws that can
bring financial ruin to novice ttaders.

If one is adverse to heat, one should stay out, and lie down
comfortably in a cool, quiet place, until one's urge to play
the stock market safely subsided. The sideline, is a respect
-able place to be in in times of turmoil, especially for the
inexperienced.

To the market uninitiated, hedging is an extremely important
concept. One must, at all times, know one's maximum possible
exposure and potential losses.

Or face utter financial ruin .... :)

BTW: Unmitigated financial exposure to both the USA and EU,
is precisely the woe of AIG. And that of Lehman's, was
an inconvenient margin calls.

Regards,

Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.

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