does anyone really want to be long in ST?

Discussion in 'Trading' started by iceman1, Sep 2, 2005.

  1. I don't particularly want to see any huge gaps down in our financial markets... but we are so vulnerable right now to external threats by reason of being engaged in this massive relief efforts in our southern States... that I am concerned. If I had a large fund or many net long positions over the next two weeks leading into triple witch, I'd be very concerned.

    In fact I am surprised and dumbfounded as to how this market is being supported in the face of rising rates, oil and now this disaster! Isn't this taking "buy on bad news" to an extreme??! :eek:

    Just my 2c.

    Hope we all can enjoy some portion of this long weekend while praying for our fellow citizens, and hoping those who would attack this Country don't pick next week to do so while we are seemingly weakened, and distracted !

  2. Like ive posted before, there are too many people predicting a doomsday scenario, the market is an effective discounting mechanism. I agree with you, but who cares, we have to go with it.