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You said you were hurting, You almost lost your mind Now the man you love, he hurts you all the time but when things go wrong, go wrong with you It hurts me too — Elmore James And the Nasdaq is now up more than 3% on the day as the
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I know it’s only been six days — four trading sessions since I first asked you guys to weigh in on the question: “Who’s more scared right now, the bulls or the bears?”. At the time, last Tuesday, the DJIA was below 11,000 and I got about 100
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“Mental toughness is many things and rather difficult to explain. Its qualities are sacrifice and self-denial. Also, most importantly, it is combined with a perfectly disciplined will that refuses to give in. It’s a state of mind-you could call it character in action.” — Vince Lombardi Impressive rally so far
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It’s a brand new week. And the markets are up again. Last week, when we were under DJIA 11,000, I wrote: I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might finally be putting in a bottom
You said recently its not about the day to day trade its the idea we are investing for the next few decades. Do you feel this bear market (being called one by your fellow columnist Rev Shark) we are in will affect your stocks in a materially negative way short
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Good morning and welcome back to weight room. The markets are down 1%, back to about the 11,000 level on the DJIA. Recall that I’ve been saying this week that I think we might finally be bottoming somewhere here between DJIA 10800 and 11000. Despite — or indeed partly
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Got a chainsaw buzzin’, Who’s that cussin’ Eyes start blinkin’, The boys all start their wishing Left holdin’ the bag again, Burying it at both ends Don’t believe she’s a friend Thick, thick & thin Let it loose now, let it go to the wind — Black Crowes
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The markets have stalled at about 1% lower here and are, if anything, trying to keep from fading another 1% or so. Anything less than a 2% move would probably be a victory for the bulls, at least according to my old “dislocations” theory — A dislocation being anytime the market
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A pullback in the markets, but not a panicky rush for the exits. Maybe we really are getting past the overdriven emotions that have been dominating the marketplace. I’ve not done any trades again today — two days in a row. And that’s mainly because most of these stocks
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Apple CEO Steve Jobs resigned last night. Let’s discuss. I’ll reprint the entirety of what Steve Jobs, the now ex-CEO of Apple, wrote in the letter he sent out at 4:40pm, two minutes before Apple itself followed his email blast up, with the formal announcement of their
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And that’s a wrap. The markets started flattish and pretty much steadily rallied all day finishing up about 1% across the board. That is indeed exactly the kind of slow rebuilding and gradual intraday strength that the bulls should probably want to continue to see. No trades for me
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Come on, my friends, Let’s make for the hills. They say there’s gold but I’m looking for thrills. You can get your hands on whatever we find, ’cause I’m only coming along for the ride. — Pink Floyd “What do you think of gold?” If I had