20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Renowned economist Mohamed A. El-Erian expressed that he is “puzzled” over Fitch Ratings’ unexpected downgrade of the U.S. sovereign credit rating from AAA to AA+. El-Erian anticipates that many economists and market analysts will share his confusion over the timing and reasons behind this decision.
What Happened: The economist questioned the timing and the reasons cited by the rating agency in his tweet. El-Erian’s tweet suggests that the downgrade is more likely to be dismissed than to have a lasting disruptive impact on the US economy and markets.
“Overall, this announcement is much more likely to be dismissed than have a lasting disruptive impact on the US Economy and Markets,” he wrote.
See Also: ‘Rich Dad, Poor Dad’ Author Says Brace For Crash Landing As Fitch Downgrades US Credit
Why It Matters: Fitch Ratings justified the downgrade by citing several factors, such as expected fiscal deterioration over the next three years, a high and growing general government debt burden and erosion of governance.
This is also the second time a major rating agency has stripped the U.S. of its triple-A rating, the first time being S&P in 2011.
Image by William Barton On Shutterstock.com
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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