Day Trading for Dummies

I won't bother you with an explanation of how interests rates affect the stock market.

I will however comment on how easy it was to make money today.

Now, days like today are a Godsend for people like me who prey upon long term investors jitters and frenzies. I'm there when they want to sell their shares of Google at 438.something a share and when they buy a stock for the long term after a 50% rise in share price. (Thank you Jones Soda)

I went to bed last night knowing I had a big check to deposit tommorow. I had a feeling the fed wouldn't change rates and that would be enough to spark a rally. I bought shares of Apple and Google this morning and rode through a couple small dips and held until the fed announced a decision on interests rates. It came and stock prices soared accross the baord.

Today I made more in 5 hours than I used to make in a month.

Coming from a historical bear: No, I don't think sub prime is going to crash the world economy. China will continue to grow, America will continue to consume, and the economic machine will continue to hum.

SUB PRIME IS NOT A VORTEX.