Fwd: Want to Stay Broke? Read the News...

---------- Forwarded message ----------
From: Rude Awakening <rude@agorafinancial.com>
Date: Mon, Aug 25, 2014 at 7:01 AM
Subject: Want to Stay Broke? Read the News...
To: iammejtm@gmail.com

The race for 2,000 August 25, 2014     Want to Stay Broke? Read the News...   The race for 2,000 More horrible headlines Plus: Where did all the shorts go?   Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner Stocks didn't stay down for long... After spending just 12 days below its 50-day moving average, the S&P 500 is making a mad dash toward all-time highs. The "V-bottom" that has characterized every move off the lows this year has returned to bust up the bears' party. Now, the S&P is staring at a milestone move above 2,000 for the first time ever. "Understandably, lots of investors are asking why stocks moved higher last week. Luckily, the major media outlets have answers," reports my trading buddy Jonas Elmerraji. "'U.S. and German data drove confidence on economic growth and helped extend a stock rally,' claimed Reuters in a story. USA Today thinks so too. 'Boosting stocks Thursday, for example, were better-than-expected readings on manufacturing in the Philadelphia region, sales of existing homes and first-time jobless claims,' the paper offered... "But according CNBC, the driver was the Fed. And the Financial Times agrees. Pittsburgh's Tribune-Review says it's earnings that 'pumped up the stock market'." But Jonas isn't buying the hyped-up headlines... "Yeah, sure, all of those things probably factored into the market's price action for the week," he explains. "But so does your neighbor selling off 100 shares of XYZ Corp. to pay for his upcoming vacation. So do rumors and gut feelings. And the fact of the matter is that it's impossible to measure the actual impact that any of those factors have on stocks." He's got a point... If you listened to the headlines, you would have found yourself on the wrong side of the market for the better part of the past two years. While financial journalists and pundits fretted over a sharp correction, stocks defied the predictions and continued to march higher. Today, the S&P looks like it will take an honest shot at 2,000--a level many thought to be unreachable as the economy unraveled just six short years ago. Thankfully, the market has telegraphed clear buy signals for the duration of its run higher over the past couple of years. Very obvious support levels have offered alert traders the chance to ride each wave higher... "Ultimately, price is how we make money as traders," Jonas concludes." It's the only thing that matters. I don't care what earnings looked like, or how housing numbers changed, as long as I can sell the stock I just bought for more than I paid."         Have you Seen this Crazy Public Law 110–343? Buried deep within 169 pages of this law, you'll find a little-known investment strategy… One that has allowed the government to collect a total of $9.2 billion over the last five years. It's a unique strategy that could increase your returns by up to 1900% while reducing the money you put on the line by 80%. You can read section 113 of that law for details… or you can click here instead.           Rude Numbers Targets, Predictions and Wild Guesses   $22 billion in annual sales will be booked by Burger King and Tim Hortons, according to Bloomberg. Burger King announced today that it's in talks to buy Tim Hortons and move its headquarters to Canada in search of lower taxes... $3.22 is the price of copper this morning. The good doctor is rocketing higher for the fourth straight trading day after putting in lows near $3.10... $1,278 marks the spot for gold futures this morning. The shiny yellow metal is down about $2 in early trading... $93.65 buys a barrel of crude today. Oil has trended lower since late June after hitting a high near $106. It's flat on the day so far... 1,996 is where you'll find S&P futures just before the bell. The big index looks like it is going for 2,000 today...     Rude Trends When to Buy... When to Sell   "I thank you for being one of the few investment newsletters I have tried, that have actually made money!" writes a grateful reader. "I've been running options plays on several of your recommendations, and am up approximately 8.5% in three weeks on your ideas alone. Of course, this is an up-trending market right now, so many of my other short term positions are up some as well, but that is a great return." I'm humbled by this praise-- yet sensing a "but" from this Pro subscriber... "I am wondering, however, why you don't seem to recommend many shorts?" he asks. "You often say to stay away from something or other, but you don't suggest shorting those things you recommend avoiding. I even looked back through the archives, and while my search certainly wasn't comprehensive, I still didn't see any short suggestions." You actually answered your own question... We're in an up-trending market right now, so my primary scans are going after trades on the long side. Plus, many of the sectors and stocks I list as "avoid" aren't necessarily ideal shorts, in my opinion. There are plenty of stocks and industries that give me that "blah" feeling. These are names I wouldn't want to own either on the long or the short side. Also, I think it's important to mention that this market has been lighting shorts on fire and tossing them off the side of cliffs for months now. Every time something looks ready to break down, it reverses. We are in an incredibly difficult shorting environment right now. Until the situation changes, I'll stick to my long ideas. [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]     Ignore At Your Own Peril Today's Must Read Links   If You Think You've Got Nothing to Hide, Think Again... This Could Cut Your Grocery Bill in Half [must see] How to Quickly Become an Oil Millionaire without Owning Land     BE SURE TO ADD rude@agorafinancial.com to your address book.       Additional Articles & Commentary: Join the conversation! Follow us on social media:         The Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Agora Financial delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from The Rude Awakening, click here. Please read our Privacy Statement. For any further comments or concerns please email us at rude@agorafinancial.com. If you are you having trouble receiving your Rude Awakening subscription, you can ensure its arrival in your mailbox by whitelisting The Rude Awakening. © 2014 Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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Jeremy Tobias Matthews