Market notes and trader’s question of the day
I, like the markets apparently, needed a morning to catch my breath. I was up into the early morning hours working and as you might have noticed, I’ve done a good bit of writing and trading in the first three days of the work week. Anyway, the markets are indeed chilling this morning, up fractionally, which is probably the best case scenario for the bulls after yesterday’s 3% pop. Trader’s question of the day — is it bullish or bearish that the WSJ’s moved the Euro Debt Crisis section of their site off the top headlines. See for yourself:
The Euro Crisis is on the front page of the WSJ home page, but you have to scroll down to find it. For the last couple weeks, it’s been THE headline on every mainstream media outlet. Hmm.
Anyway, I did a flurry of buying of Facebook (and a little Broadcom) in the last couple days when the markets were near their lows and I’m not rushing into any more trades for now. As I’ll often remind you, sometimes the best trade is the one you don’t make. I’ve made some agressive trades in the last couple weeks and have increased my net long exposure quite a bit and I’m comfortable with my set up for now.
Finally, I did a Skype Video with the WSJ Hub Network about why I’m the only idiot who’s buying Facebook. Click here to watch it.
