>>You have done a disservice <<
I do not think you are being fair. It is to oneself who has to decide to go long or short and when. Donald's comments were right on target at the time. Out of 19 times we have gone up 18 of them. What would make you think this woudnt be the 20th? It is prudent to be cautious. Things havent been fixed yet, it is we just think that they will be fixed. When I went long in the early part of OCT I was fully expecting the market to take awa another 50% of my money, and I was hoping for a 25% or so gain, those are not good odds since each day it seemed like we were falling another 5-10%. Scarey days and scarey times, better to have money than to by change loose it.
Dont forget to read the entire news release..
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But some experts don't buy into these trading theories.
''Investors are running out of new stories to justify the stock market's high levels,'' said John Geraghty of North American Equity Services, a consulting firm.
''Some times, the market itself needs a story and now that there's basically been no change in the economic news, people are starting to depend on cyclical data, charts, technical analysis or anything that they can cling to, to justify what they're doing in the market,'' he said. |
