Closing Update for Thursday, July 30: Firming Up [View article]
It seems so about sentiment. Other than that, it's confusing. Japan's recession deepening and their market is up. Most of the earnings surprises are off lowered expectations, the price of oil goes up a lot in the face of oil company losses.
Make as much as you can on stock you may have to hold in a quick downdraft, ie stock you want to own under most circumstances. Keep a lot of cash in reserve. And, don't try to apply rationality, it will only confuse you.
Wouldn't it be something if it just went up with no pullback that we are all waiting for. That is, until we piled in.
It's been said before, but "The market acts to hurt the most people when it turns." So, the most people aren't in a position to be hurt yet.
Closing Update for Thursday, July 30: Firming Up [View article]
Make as much as you can on stock you may have to hold in a quick downdraft, ie stock you want to own under most circumstances. Keep a lot of cash in reserve. And, don't try to apply rationality, it will only confuse you.
Wouldn't it be something if it just went up with no pullback that we are all waiting for. That is, until we piled in.
It's been said before, but "The market acts to hurt the most people when it turns." So, the most people aren't in a position to be hurt yet.