I am + 35% for the week. I am up 2% overall from the beginning of the month though so both happy and depressed.
good point. But would I be buying financials at these levels? No one with any market acumen should be doing the samem but i may be wrong.
The condition of the Dow is up as the banks are better then thought. FAS will hit $20 here shorty just stay long.................
While this sounds correct, I'll say one thing and leave it at that. I don't know if the rally will continue, or if it'll be down 300pts on the DOW on Monday morning open. So..... I'll take the simpler route, ignore all the speculation, quit trying to call tops/bottoms, assume that the hedgies and 401k managers are smarter than I, and continue to follow the trend. Of course it's difficult to NOT have some skepticism at this point. But why let your skepticism rule your trading decisions? Go with the flow, until the flow changes, on whatever time frame you trade at.