Na, there is no reason to sell yet. You sell when the trend changes. You might be right about the regional banks.
To tie in a bit with that analogy,when I was a kid one of the best frequented business's(sp?) in the area was the photo development place.If you can imagine,anymore,the human beings love for photographs matched with requiring a middle man to see what you'd taken. Now he was in the business,must have been aware of the progression in his field,yet he invested in this enormous machine that would possibly save him one wage in his shop but the outlay in those days I would think was around 50 grand,think maybe 250 today. Several months later, not one person was coming to his store. You took your digital picture,you saved it to your laptop and you produced it at home and in several minutes and for the cost of the photo quality paper.Boom,its on your fridge.You didnt leave the house. Sometimes,and I dont mean this insultingly,the fool can be ourselves.That just cant manage that paradigm shift to what will come next,that the 'tried and true' can be greatly surpassed and that change can happen in an instant. Glad to hear you're in the game DDog! Youve been around long enough to know that nothing is ever certain...but this is an exciting one! All the best!
Thank you dear Lord for ES futures market. Dollar Cost Average SP500 index for life. Thank you Warren Buffet for the free simple advice of a life time.
Hello semperfrosty, Yes, I am. For the rest of my natural life and the past 12 years. I would be the biggest dummy on the planet for not DCA the SP500 index every month for the rest of my life. I also manual trade ES futures as well. I would be the world MOST biggest dummy on the planet for not manual trading the ES futures market for the rest of my life. Both are VERY EASY to do.