<<"beginning"???? to wane? :-)>>
Ha!!
Actually, August wasnt too bad and the naz looked poised for a continued run, so I was beginning to get some hope that things would look good the rest of the year. So, I did what was smart, and bought when the market looked like it was turning to the upside, and of course, it only took 2 or 3 days to slam everything I had just bought and wipe out every bit of gain I had for the last month or so.
Typical of the market though....and very tyipcal of the idiot talking heads on CNBC and etc....I try and keep the volume down, cause I don't care much for their biased opinions, but sometimes I do Listen. One day, they have 4 guys saying how healthy everything is and we are poised for a continued rally. They of course are saying this at 4:30pm, after the naz has had 4 straight up days and 100+ gainer on the day..."money is flowing into techs and we see no reason why it wont continue". Well, the next 2 days, the Naz gets creamed and of course some guy is on CNBC at 4:30, telling us more selling is in store...market looks weak and etc, etc..... It's such a bunch of total crap it is ridiculous. Nobody know's their ass from their elbow.
keith@tryingtostayfocused.com |
