Stock Trading Software

The market next week will be a real test. I think there are so many of us doing stock trading and trading options online that have become so anxious that we are nearly shell shocked. Still, I’d rather be doing online stock trading and have a minute-by-minute ability to access my portfolio and be able to take advantage of market moves. Not sure whether I’d be cut out to be an stock broker though.

I’m going to be up early Sunday morning to catch what the European and Asian markets have done, and try to respond accordingly.
I’m not optimistic that there will be any big rally. At least not a sustained rally. There is no reason.

Some indicators will look better for the US markets than in foreign markets. I expect that will be the case because even though the US is under strain financially and the economy is in doubt, most of the world still views the US as a safe haven.

The earnings reports coming in have not been great. And even when the earnings reports have beaten estimates, those stocks rallied, but then dropped with the realization that the world is sink-ing into a recession that could be very long lasting.

Just last week, Alan Greenspan said that the world is facing a once in a century tsunami. I think he may be correct. Greenspan is catching grief from Congress about his actions as Federal Reserve Chief. His keeping money loose for so long is blamed in helping to fuel the real estate bubble.

I’m sure it had a lot to do with it. So did the various laws that encourage — even mandated– lending to individuals who could not prove that they could pay the loans back.

There is no share of blame to go around; that is for sure.
Meanwhile, the markets do not know what to do about the various conditions sitting out here. There are very few silver linings.

The financial health of the entire world is in horrible shape. The earnings reports are bad. There is no one big technology that will rescue markets on the horizon. The elections that are around the corner show that neither candidate has an original idea about taking — or not taking– corrective action.

The market next week for online stock trading will be a volatile one. The only thing to do is to batten down the hatches and safeguard your principle. The markets are irrational right now, and everybody is looking for rationality. Markets, though, can stay irrational longer than the average investor can stay solvent.

There is no easy answer.

It should be quite a week.