Cross-posted from TradingWithCody.com where I post all my personal trades in real-time.
How much faith do you have in the system of stocks, trading and investing on Wall Street?
Do you believe that it’s only a matter of time before the money that you think you have in your E-Trade, Schwab, Morgan Stanley, Merrill Lynch, Goldman Sachs, etc stock account is plundered like those of MF Global and Peregrine?
How much faith do you have that the price of oil, gold and most every other commodity and derivative product on the planet aren’t manipulated and rigged on a daily basis like that of LIBOR?
How much faith do you have that your deposits at
Wells Fargo, Bank of America or JP Morgan are really going to be there when you go to pull out every last dollar?
How much faith do you have that the endless “debt crises” from the financial sector and/or Europe will magically fix itself with quantitative easing and bond buy backs and so on and so forth?
How much faith do you have that you aren’t being cheated on every trade you do by high-speed frequency trading computers that are front-running your every order and glitches in the system like that of Facebook’s first trading day and/or yesterday’s intraday trading snafus?
I’m being sincere in asking these questions. Please send me your answers to email@example.com or comment in the comments section below.
Cody Willard writes Revolution Investing for MarketWatch and posts the trades from his personal account at TradingWithCody.com. At time of publication, Cody was net long Facebook and net short MS. Follow Cody on twitter at http://twitter.com/codywillard.