August 11, 2010
– Comments (8) |
RELATED TICKERS: VXX
This selloff is crazy, but I do hope a double dip does come because I missed the last chance to buy at extreme lows.
The thing I am scared about though is fear brings more fear and that could result in my family members losing their job.
The Fear is really not that bad yet because the VXX is only up +1.28 when u see the vxx going up +3 to +5 on the day thats when you know people are really scared.
Thank God I got rid of all my stock holdings and stuffed them in a money market just before the close yesterday. Something did not look right before the close yesterday, it was feeling too weak and since the majority of earnings have already occurred I figured there was no upward momentum left heading into Sept. which is historically known for Hedge funds coming back from vacation and start shorting all the summer stocks that rallied when they were on vacation.
Seen it way too many times too fall for it again.
Thank God I got rid of all my stock holdings and stuffed them in a money market
Of course you did...
If you were a true "value investor" you would be buying right now.
IBD talking about a double dip after a 2.5-3% stock market decline... I could never have predicted that *eye roll*.
Just admit you flop AFTER the market changes direction on nearly a weekly basis. Let go of your ego for once.
Momentum21, I am a value investor thats why I want a double dip. Its not cheap enough yet for stocks to be called values right now.
Simplemts, if you read all my blogs, you would know that I said stocks will rally during earnings in July but I expected it to be short term rally only.
Its not easy to sell everything but I did, next week its options expirations week and we all know what happens to stocks that week after a nearly 10% rally in just a month .