SURE EVERYTHING IF FINE STOCK-TRADER. LET ME READ YOU ANOTHER FAIRY TALE. BGP LET ME KNOW WHEN YOU WAKE UP
He raises a lot of good points. Remember the doom and gloom of 91'? that passed. And the doom and gloom of 2001? Yup and the doom and gloom of 98'?
Yes he does raise good points...BUT he's using those good points to sell his book. It still requires skill to not sink in any market. Cutting losses is still important. Thats all stock-trad3r. I'm very new to trading, and its easy to want to believe in something whole heartedly. But that can get you in trouble. Keep your mind open .
Oh my god....you are right! I just realised....markets don't go up and down in a straight line! No shit, sherlock. Anyway, looks like the eggberts are back in control of the jeep...350 points to go....
All doom and gloom eventually passes. However, unlike you, traders prefer to go short during times like these and profit. As a mook buy and hold piker, you prefer to ignore the bad news while your portfolio loses 20%.
The fact that you speak so definitively shows either (or both) your sophomoric understanding of the subject matter or that you aren't actually involved in the game. Those who HAVE positions, or skin in any game for that matter (not just trading), recognize the random element and don't speak so definitively. You're posts smack so hard of a paper trader it's hard to digest the content of them.
It's getting exciting now, reminds me of a bunch of people waiting around to catch a falling knife Yikes! pS
You're really not as stupid as you seem to be are you? CNN, MSNBC and Fox News are "News" stations. That's why they report on Iraq, celebrities, etc. If you want news on the economy you tune into Bloomberg, CNBC or Fox Business Network. Hint: News is all encompassing and includes everything from the Barry Bonds indictment to the Bangladesh typhoon. Do you think Brian Williams (or Charlie Gibson) will focus on economic news every evening on their respective newscasts? No, they spend a minute or two. If you want economy specific news to see what the issues are you go to the "Business" sections of any credible news publication.