It was just another day

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7:00 am: Call me a nerd because I do not usually watch weekend football matches on TV. Spent the weekend perusing hundreds of technical charts for clues. Back to another hectic working day for me. The market action so far this year is certainly bad news for the gloom and doomers out there. A second Great Depression is still possible. I never claim to have “everything”. I am not a PhD holder because almost all economic and financial theories are crap. What I know is I work to keep my analysis free of commercial bias. At the current market levels, taking profit is looking clever by the minute.

7:30 am: Picked up an interesting email from a worried client on China’s economic problems. The bearish stuff in his email is an old story. China is a “mess” but it might not be as bad as you think. Come on, the whole world is a mess despite soaring stock markets.
  
8:45 am: While having a quick breakfast, picked up an interesting news article on gold. Do not take too large of a position, either long or short. Some of my fishing buddies will never give up with their extreme predictions. The future is brighter for the yellow metal. Gold continues to steady in the region of the upper side of an 18-month range.

9:18 am: Got a call from a property broker who asked about the local property market outlook. I was told that things are slowing down a bit. Is the market falling further? To most local investors or speculators, property on the surface is always better than other type of opportunities. Your grandfather will probably tell you that it is something physical that investors can touch.

I expect some buying support in the second half of the year which will come from some people who have nowhere else to put their money. Boom or bust in the local property sector, this country where I live and work is in for a roller-coaster ride over the coming years.

9:24 am: Came across an online advertisement about someone selling a proven trading software designed to make huge money from markets all the time at an unbelievably low price. If you could make 100% or more a year steady from a system, in five years, you will be managing all the money you can run. The money will find you.

11:40 am: Got back from a meeting with a group of savvy investors. Almost everyone in the meeting is turning bearish and is looking to short here and there and wait for a panic which will happen sooner or later. Things do look stretched. We all agreed that the higher the market goes, the bigger the correction will be at some point, so that is all right.

11:45 am: Received an email from someone and it was humbling to be invited as one of the speakers in a prestigious gathering sometime later this year. The program incorporated some big names in the industry. Thinking of what else to share with the audience that will help me achieve overnight fame.

12:22 pm: Managed to send out a new monthly report to consultants. Could not do it earlier due to technical glitches.

2:00 pm: Wrote to global partners on our radar screen to get their latest views on their funds and relevant markets. There is money to be made in markets. But life is full of surprises. Regular communication with managers is important to ensure continuing profitable investment outcomes.

2:30 pm: Stuck in an email discussion with my capable programmer regarding some technical issues in my system.

3:15 pm: Back to the trading screens and found nothing as usual in terms of the price action for most markets. What the heck was going with US dollar again? Just ask the US Treasury of Secretary.

4:45 pm: The weather turned gloomy. The traffic was building up as usual in downtown. I bet some people were worried about another round of flash flooding. Still managed to arrive for a meeting at a prospect’s office 10 minutes earlier. Oh, noticed all the potholes and wondered whether the government is too broke to fix anything.

Like others maybe, this investor does not know what to do with her cash now. For heaven’s sake, asked her to ignore all the headlines in the mainstream media. If you bother with financial news, be prepared to hear more of the same nonsense you have had to tolerate these past couple of years. We have to understand what we can and cannot control.

6:15 pm: Finished writing articles for other publication. Vowed not to work from home after dinner. Oh really? Such is the price of working in our show business driven by the ups and downs in markets.

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