≈ Before the FED, After the FED ≈
“In the beginning, there was no FED, and there was darkness.”
“[…] It is not that the USA, without the FED was like a no man’s land. It is not the U.S. Federal Government wasn’t meddling with banks long before the FED either.”
“[…] The FED is the third central banking system in United States history. Before it came to life via The Federal Reserve Act of 1913, there was The First Bank of the United States and the Second Bank of the United States. The naming is incredibly creative.”
“[…] During a three-week period in October 1907, the NYSE fell almost -50%, leading to a panic that spread throughout the U.S leading banks and businesses to file for bankruptcy. Behind the scenes, we found stock manipulation, liquidity problems and the loss of confidence among depositors, which led to a run on the banks to withdraw their deposits.”
“[…] A hundred years later (2007) we would experience another panic, in a slightly different way. History tends to write its own rhymes, I suppose.”
These are just a few excerpts from the November edition of the Trading Justice Newsletter. In this edition, we’re back in the realms of the Fugazi to explore the root of all this evil: The Man.
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Chart of the Day
NORMAL VS. PARANORMAL DISTRIBUTION
Happy Halloween from Team Tackle!
Video of the Day
Trading With Your Brain (And others’ too!)
Coach Noah Davidson talks about the power of having the right set of brains around you, and how this will help you become a better trader.
Today’s Lineup
ROOKIE CORNER
The Next Phase
The markets have been the scariest thing about the month of October for most people. Halloween has brought a small reprieve to anyone that has been sitting on the long side of things. Are you one of those folks that are still sitting on the long side? Or do you find yourself on the short side and are now getting squeezed as we speak? There are plenty of participants on both sides of the trading fence.
Coaches Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club 8:30PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
