I am fairly certain that this will correct itself eventually, but the completion of a 1 for 10 reverse stock split on CDE has given me a 785 point gain in one morning. I look like a war hero with all of the lucky charms that one glitch gave me. I picked up the 200, 300, 400, 500 club charms in one fell swoop. I feel like King Kong....
DISCLAIMER: Novice point of view ahead... [more]
I have been watching the market move relatively sideways for the past week. Yes, there have been some volatile day-to-day movements, but the overall movement has been sideways. Granted a week does not make a trend, but it does beg the question as to whether or not this is the top of a Bear Rally or just a breather prior to another climb in what the Bulls hope is a new Bull Market. [more]
So, today the market takes back that which it gave yesterday. 101 points up on the DOW, 102 points down on the DOW. The media called 16 points a retreat, wilting, etc. Today, 102 point down day is a "step back". Got to love these guys. [more]
I know I sound like a broken record regarding my skill level in the market...novice. But I am seeing things this week that don't appear to make sense to me. It is almost as if folks have blinders on or are in some kind of denial. [more]
I love the media. Today (Tuesday, 5/5) was a back and forth kind of day with most of the movement on the red side. Yesterday (Monday) was a nice green day that essentially continued the rally. Today it ends 16 points down, and the media pundits call it "stocks wilt", "investors take profits", "stocks retreat", etc. This language is something I might expect to be associated with a major down day in the category of close to triple digit or better in the down direction....not something I would associate with a mere 16 points (0.2% drop on the DOW). Today seemed more in the category of "taking a break", "easing", "minor dip", etc. [more]
From the movie the Last Samurai. When Tom Cruise is attempting to become a Samurai, he is told by the lord of the village, that he has "Too many mind..." This is the lord's way of telling him that he is over-thinking things. When Cruise concentrates on the lone task at hand, he manages to score against his opponent...and in the end, becomes a Samurai. Now, I am far from a Samurai (clearly not a market expert), and I am certainly no Tom Cruise, but the potential to over-think the market and all of the media input/stimulus is something we can all identify with. [more]