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Stockonomist: Simulator Weekly Update

Posted May 2, 2008

May 2, 2008

It is time for another simulator update.  To say the last week of trading has been interesting is an understatement.  Even though three-quarters of the nation is screaming about a recession, the equities maket continues to rise.  The Dow has not been at this level in quite a while.

For some folks, like the current leader Ed Krukonis, the gains are really starting to pile up.  His portfolio is really taking off and is more than double the size of most of his competitors.  It will be interesting to see how his portfolio shapes up as the dollar strengthens and interest rates hold steady.

If you are falling behind and want to catch up, take a look at the options market. 

Thanks to The Street’s inability to shake off the temptations of the bulls, the equities market is becoming top-heavy.  With the Dow over 13,000, it can topple and fall at any moment.  Take a short position in the companies that will be hurt most by a weak dollar and a consumer low on cash.  You could be on top of the leader board in no time.

Until next week, enjoy your membership at TodaysFinancialNews.com and keep on trading.

Enjoy your day,
Andrew Snyder 


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