I understand your position and I respect it. You probably know what you're doing with your money and you have every right to do so. Everybody's approach to trading is different. But did you ever consider you might be wrong on this one in the last couple days? Or even today? What if we're headed much much lower. How can you rule that out? Did you ever consider that big sell offs always happen without any apparent reason in a perfect world where earnings are fine and everything is just great? And many many months later the "bad news" hits??? Hell, I was questioning my own approach in the "there is no risk" thread in a sense that we have to consider that this market could go up forever without ever taking a break! Once again, I am not here trying to change your mind, just wondering if you never think you should allow yourself a little more flexibility from your personal market opinion.
Just watch... In the next day or 2, CNBC will be trotting out Abby Joseph Cohen. TIME TO BUY MORE STOCKS FOLKS !!!! THE TRAIN IS LEAVING THE STATION, DON'T MISS OUT....
What I'm saying is purely redundant (and yes, just play the game, trade what you see blah blah but the fact of the matter is) this just reaffirms how crooked the Wall St. is. They saw this trainwreck coming from miles away and yet they had to downplay the heck out of it until their bonuses were paid, the bagholders were drawn in and the trendfollowers became not only pedantic but supercilious (the trend is your friend alright - but only until it isn't, biach ).
with the dow off triple digits you would think that the nasdaq would be off around 20-25 points, Wonder whats holding it up. If that breaks say hello to dow 11900.
All one has to do is read last 3 chapters of the "Operator" to find that CNBC and the likes of Cohen are here for the suckers. The more you watch them the less clear your judgement becomes.
So true. Imagine the value in the market when the SP hits 1100... or 900!!!!!!! Wow it would be the buying opportunity of a lifetime!!! So why buy now?
Hey I am stuffed. If this happens every day, I will have to start looking at my Lexus as a common folk mobile.