Even billionaire Bill Gates may be feeling the pinch these days.

The value of Gates’ investments fell by $3 billion, or almost 20 percent, in the fourth quarter as the worst financial crisis in decades and a deepening recession hammered stock prices.

I’m predicting something now… the recession will not be over in 2009. I don’t care what other people say or think or predict. I’ll be right, because I am always right with my predictions, just usually off a little bit in time. Obama will need to be careful not to enter the U.S. of A. into a depression. Oh ya, and if you don’t like paying higher taxes, tell Dinosaur Trader.

The market hasn’t opened yet (it will in about 45 minutes from when I’m writing this). I’m still holding my positions (shorts) and think that it’s a good idea. Still. Though GOOG went the opposite direction on me and I thought about covering, I didn’t. And the stops I have…

I’m seeing a current positive market, but I can’t help but thinking that the market will be going down today or tomorrow. Enough of a downward move that I would take the top three positions I watch (GOOG, IWM, & BIDU) and short. In fact…..

I knew this was happening. I took a screen shot early in the day. I should have posted earlier to show off my skill and knowledge and fortune-telling ability. I’ll have to be quicker to share in the future with the one of you that still reads here.

No trades for me today.  My balance screen says my cash balance is $2415.26 and my buying power is $0.  My Customer Info screen says:
     Trade Authorization: No
     Pattern Daytrader: Yes
     Account Status*: Closed.

I haven’t put additional funds into my account… not yet anyways.  For now, I am waiting for an opportunity.   

i think i did it again
i made myself believe
my account would go up

I’m definitely leading in the race to $0 thanks to JCPenneys (JCP).  I have absolutely no desire to blog in detail about the horror of it, so I’m not going to. 

New Year’s Eve.  It was an account-goes-nowhere day for me.  A couple of daytrades left me down $11 for the day.  It’s fine for me if I take small steps backwards then take big steps forward.  This hasn’t happened since the Retard Race started 6 weeks ago but things can happen fast when trading options.