June 11, 2009 –
So the SP500 is back to its pre-apocalyptic Jan 1st level--even a little bit above. Volume is falling. More often than not, days are filled with mixed trading. No euphoria, no pandemonium. Just a nice, even keel... which of course in this day and age CANNOT LAST. So... what will it be? A continued rally, or a negative correction? The economy is still in terrible shape. Nothing has really changed so much as perception. But perception is important. In times like this perception can make or break a market (on the short term u traders are concerned with.)
If I were a hands down, long term investor, I would sell. Rest assured stocks will one day soon be below what they are today. But, wanting to squeeze every penny I can out of the market in order to feed my corrupt, gluttonous American habits, I think that this rally just might have a bit left in it. Like a spent bottle rocket, still riding up on momentum.
At this water shed moment, what will determine which coast we will end up on? The economic data of course. If people see positive numbers, they will think “oh, the rally was “real”” if they see negative numbers, they’ll go running for cover and we’ll see SP500 at 850 again. [more]
June 10, 2009 –
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RELATED TICKERS: GFG
So... I wanted to put GFG in here. GFG and lot of other stocks. But I can't. I can't rate them. These real stocks with high volumes and apesh1t betas. And yet I can choose to short the most obscure .OB stocks and pink sheets? It makes me angry. [more]
June 10, 2009 –
why can't we rate stocks like gfg? like kv-a? i've bought them in "real life." Why can't i rate them? Why can i short obscure pinksheets on here that i could never get a hold of in "real life'?
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