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Viewing 51 - 42 out of 42 Blogs.
Still Drinking the Kool Aid
Yesterday May 4th was another foray into the unreal. The market ended the day up over 200 points. Wells Fargo was singled out as likely needing more capital along with Citi and B of A and lo and behold, their stock shot up over 20%. I must say I am glad I sat that one out as I would have probably been short. Momentum is clearly to the upside, even though it really does not make much sense. We keep hearing from the financial media that the "funda ... Read More
Posted On 05/05/2009 10:35:04 by administrator
Up is down, down is up!
Wow, what a ride. I don't know how many of you actually trade in the marktets but if you do you know how crazy it truly is out there. I guess that is why I am an amateur. With everything going on you would think logically the markets should be crashing. It think it was Jesse Livermore who said the market can remain irrational longer than you can stay solvent. Someone correct me if I am wrong please. That rings true. My $.02 is to "stay small" at least ... Read More
Posted On 05/01/2009 07:05:24 by administrator
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