July 20, 2009

Stock and option trading - Armed with my new vocabulary, and what seemed to me my growing knowledge, I became more ambitious.

I felt the time had come to find another brilund. After all, somewhere there must be a big, sound Wall Street stock that could do as well for me as what I now considered a "little penny stock." I started to subscribe to stock market services such as Moody's, Fitch, and Standard & Poor's. They gave me what seemed to me magnificent information”except that I did not understand any of it. Some of the passages read like this: "Promised expansion in consumer expenditures for durable goods, non-durables and services, plus a fairly pronounced improvement in productive efficiency, provide the base for rather good earnings and dividend improvement for companies whose earnings will reflect the favorable nature of these conditions. We expect continued irregularity to continue temporarily under the guise of which this new status of the market's preference will be implemented.

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