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  • Monday's Closing Update: Housing, Financials Rally Broader Market [View article]
    Cetin:

    Just to be clear, I am just presenting information for informations sake. I do not mind the market going up. No, not at all.

    You are right. The gains are there (though not "locked in") until the sellers drop the prices below where people bought them. Unfortunately for the average mom and pop investor, and as per a very good WSJ article this morning, most people let gains turn into losses and sell out AFTER they have lost a lot of money or sell out right at the bottom.

    Unless someone bought near the bottom, or like me, lost only about 15% last year and does not "need" stocks to shoot back to DOW 14K tomorrow, I do not need to chase any rally, and I can afford to look for more than just one or two bits of positively spun news before I commit more money to this market.
    May 18 17:47 pm |Rating: +10 -3 |Link to Comment
  • Monday's Closing Update: Housing, Financials Rally Broader Market [View article]
    Psst.
    Just to be clear here.

    S & P 500 volume was barely half the daily average today.
    Considering last week was a minus 5% loss for the index, if todays bounce was real, volume should have been much closer to average or above average to show that people really "wanted" stocks.

    Sorry. Just telling you what you need to hear, not what Wall Street and the financial media wants you to hear.
    May 18 16:47 pm |Rating: +13 -4 |Link to Comment
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