Well, after a long hiatus I have returned. Geez, I go away for a couple of months and the whole market almost implodes! There have been blog posts a-plenty regarding the whole sub prime mess. I've had a great time watching the blame being tossed hither and yon as the panic ensued.
My take?
Monster hedge funds started trading as if a guy who had a 585 credit score and little or no documented income was as good a bet as the US Treasury.
1. Essentially, banks were lending on frenzy and faith.
2. People who don't have the means were over reaching for the American Dream
3. Hedgies magnified it all with mountains of leverage.
Bad combo.
What did I learn? To navigate this or any market mess creates a vigilant attitude and a cool head. When waters get choppy as they have been and should be for the foreseeable future, FEAR and GREED come way to the front of people's minds and that is no way to trade.
This week we'll dive right into one of the most brutal workouts, with some minor adjustments, that will take your mind off the fluctuations of the market, the information overload, the "noise", and reactionary feelings that will only trap you into bad trades, poor business decisions, and possibly a trip to the ol' psych ward or coronary unit.
Clean and Press
3 Sets x 10 Reps
Dead Lifts
3 x 10
Push Ups
75 total
Pull Ups
25 total
Floor Wipers
3 x 10
Jump Rope
6 minutes total
You have only 15 seconds rest between exercises and 30 seconds between sets. You will not need a cardio session after this workout. If you are able to do a fair amount of cardio after you're done then YOU DIDN'T WORK HARD ENOUGHT!!!
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