All I got was a rock. (Skimped some points here and there today. Trying to mix slow-and-steady- always-wins-the-race mode with bang zoom to the moon mood.) My dental appointment early this morning really messed with my timing, and my head in trading thoughts.
"I did much better during the following year. I was very lucky. I was rampantly bullish in a wild bull market. Things were certainly coming my way so that there wasn't anything to do but to make money. It made me remember a saying of the late H. H. Rogers, of the Standard Oil Company, to the effect that there were times when a man could no more help making money than he could help getting wet if he went out in a rainstorm without an umbrella." - Reminiscences of a Stock Operator
Its how the investment banks unwind there massive positions, create the can't lose market...lures folks off the sideline and into the can't lose market.
I like the saying from that book...Stocks are never to high to buy or to low to sell, it's at the beginning.
Friends....this is feeling just like late 90s. Up everyday, people everywhere talking about the stock market..Everyday big headline gains. Companies blowing out earnings. Economic data beating forecasts. Now all we need is Abby Cohen as a cheerleader.