Stock Market Collaspe.... lets make some money baby!!
Quote:
Billionaire financier George Soros is warning of an impending financial markets crisis as investors around the world were roiled by turmoil in China trade for the second time this week.
Speaking at an economic forum in Sri Lanka's capital Colombo, he told an audience that China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, according to media. He added that a return to rising interest rates was proving difficult for the developing world.
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I've got my eye on DWTI, it's tripled in the last 2 months, if you have a float (money you are prepared to lose) of 10K to 50k you might have made a killing had you got in around the beginning of November. It's very risky, and the expiring calls kill value, but you can do it as a day trade, or swing trade. People are making money. I'm in a reverse commodity ETF and I'm up 20% in the past 2 days.