Stocks get some follow through on early strength after stronger than expected home sales data....
Stocks get some follow through on early strength after stronger than expected home sales data. DJIA now +1.4% at 9006. S&P +1.5% to 968. Nasdaq +1.4% to 1953. The last time the Dow was above 9,000 was in January.
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Comments (7)
The thing people have to remember is that markets don't go through cycles in linear monotonic patterns. A big key is to realize the granularity of the cycles you can take advantage of depends on your skill level. Goldman Sacks seems to have been going all the way down to the millisecond. Myself, I don't try for anything shorter than a month. Others may look for a business cycle, or even a decade.So don't slit your throat if you missed this rally. Volatility is a fact of life and there will be other opportunities. Figure out what your capabilities and limitations are and work within those parameters. The real danger is trying to do too much.On Jul 23 10:57 AM Archman Investor wrote:> I know, I know, I am a pathetic broken record. But I will say it
> again. I said back in the spring they were going to run this market
> almost straight back to S & P 1100 or so on the "hope" trade,
> which transitioned into the CNBC "green shoots" trade. Thus far the
> powers that be and CNBC have been masterful at spinning the news
> and convincing people that declining revenue, layoffs and cost cutting
> will some how mean real earnings going forward. Let them have their
> fun.
>
> For the average American, if you must be in the market, for God's
> sake, do not go all in. Pick and choose and at this point trade.
> The time to "invest" was at S & P 700 when Cramer, CNBC, et al,
> were finally cracking and telling you to get out of the market.
>
> compdivplan.com
> again. I said back in the spring they were going to run this market
> almost straight back to S & P 1100 or so on the "hope" trade,
> which transitioned into the CNBC "green shoots" trade. Thus far the
> powers that be and CNBC have been masterful at spinning the news
> and convincing people that declining revenue, layoffs and cost cutting
> will some how mean real earnings going forward. Let them have their
> fun.
>
> For the average American, if you must be in the market, for God's
> sake, do not go all in. Pick and choose and at this point trade.
> The time to "invest" was at S & P 700 when Cramer, CNBC, et al,
> were finally cracking and telling you to get out of the market.
>
> compdivplan.com
Doesn't matter if it holds or not 'cause I'm not a buy and hold investor.