Ok, Hawaii over, Tokyo starts. Dream over, reality rules. Now we will see how the bear destroys.
A few government initiatives to calm the populace, a bit of brokerage propaganda, a slug of buying by hedge funds who know better (that people will buy after they do), a hesitant but persistent following by the mutual fund managers using other people’s money, and a lot of people who want to believe in the return of the magic.
The battle cry is a simple one to yell and fall victim to … the market is going side ways, not down, and that volume is light. The longer the pattern plays out, the more bullish the future will be.
On this lack of evidence, we are to abandon our common sense and send our good specie to the big city, in exchange for bad paper.
Yup, the Nasdaq is late in reaching for 2.5k and the Dow is late for 12k. Now is our chance, to believe that we can buy in, control our greed, and then smartly sell out at the top. Oh, but wait, we had already sold out at the top, and our AU, NEM, AAPTY, IMPAY, (but, alas, not SWC ... waiting for October) and even AOL, SNE, and MSFT are going up.
Well, up, down, up, then down. Simply random twitching before the last wink of hope disappears in the diluge of bad and worse 'news'.
I think it is perhaps better to watch our braver comrades charge forth into the hail of machined bullets, and learn by example rather than by experience.
Chugs, Jay
P.S. FWIW, to learn by experience, both successes and failures, we certainly do need opposing views on this thread. |
