Stock Market is going down, down, down...

I haven't traded stocks in quite awhile so decided to jump back into it again.

Last year the market kept going up at a supersonic speed, and all the analysts were screaming that it's not going to last and to get out. But the market just kept going up, up and away.

So I put my trading accounts into money markets and stopped trading. Mostly because I use to work at a website and could watch the market all day. But since then I've had a promotion at work and now I don't have the luxury of playing at work anymore. So now I am trying to just simply trend-trade when the market is close, and watch for good/bad headline news in the finance section at Yahoo.

Finally, the market is trending-down, all the bad news is still there: housing, foreclosures, subprime sharks, USDollar dropping, off retail sales for Christmas, etc.; finally the market is catching up with reality. In my opinion, it just goes to show how far the dollar can be stretched through inflation. And now finally, Paulson, at Goldman Sachs (the most powerful man on earth perhaps), is saying the market needs a correction, and yet at the same time, asking President bush for a stimulus package.

What Henry Paulson says, goes... I have all my accounts in QID. Which is an exchange traded fund that makes money when the Nasdaq 100 (all tech stocks) goes down--and QID goes up twice as fast. The Nas is a very volatile stock as it is, so to multiply it by two makes it a wild roller coaster ride at Six Flags Great America and not for the feint of heart! Very risky and I don't recommend anybody to try this at home.

I love the stock market, and wish I could daytrade, but hence, I believe with all my heart God has put me specifically in the current position I am in at my job. I've grown so much from enduring the challenges and tests of faith God has thrown at me, like a loving Father will do. If I were day trading all day I would be an emasculated wus. So praise God, and pray for me that my faith does not waiver.