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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (13549)	3/20/2008 4:28:11 PM
From: Cal Amari	Respond to of 19257

Combined yesterday and today, I am down more than 16 percent - more like 25 percent. Ouch.

To: Peter V who wrote (13549)	3/20/2008 5:36:25 PM
From: Smiling Bob	Respond to of 19257

"they always say, don't fight the tape" Some fail safe golden rule would be nice. But someone's got scissors ready for this tape, and you never know when they're showing up. The way everything was piled onto indiscriminately today was not normal market behavior. Stocks are rarely traded individually anymore. On days like this, everything that's a member of a widely followed index(S&P) gets swallowed up via futures buying by a few large institutions aka PWG. This pattern has appeared for about a year now, as certain parties realized drastic measures were needed to avoid a meltdown. The fear of missing the rally/bottom, aided by the media, brings in the fence sitters and the short covering which creates buying hysteria that feeds off itself. Last spring the HBs, being watched very closely and considered the keystone of the market at the time, were juiced up with the fervor. The thinking was, if they rallied, confidence in what fueled the bubble would remain. The market and the economy would continue along their one way path. Now the financials are in that position. every analyst is watching and clamoring about them. These stocks have lots of screaming skeletons that need to be quieted, so extra attention is being paid. I picture Paulson et al engaging in lots of high fiving when they're successful on days like today. "We've held the wolves off for an entire three day weekend, buying ourselves a few more days."