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- Thread starter BSAM
- Start date
ET thread of the day: Why do people pay for Cable?
Must be habit.
I have a television with an antenna for over-the-air free programs, but I rarely ever watch it. In fact, I may never buy a television again. Amazon Prime includes quite a bit of free television shows, sometimes I watch those or rent one of their movies. One night I accidentally purchased a season of television shows when I only meant to rent, so don't watch Amazon videos while drinking.
Even though I hold no short positions right now, my account was still up this week thanks mostly to CCRN. As far as I can tell right now, the bull market is still in place. I have no plans for shorting anything at the moment.
Pouring the wine (from a box) and updating my weekly market diary. Drinking boxed wine and not having cable TV has done more for my wealth than any amount of stock speculation.
Pouring the wine (from a box) and updating my weekly market diary. Drinking boxed wine and not having cable TV has done more for my wealth than any amount of stock speculation.
Eh oh. Number of 52 week lows outnumbered the 52 week highs on the NYSE (not the Naz or Amex, though) this week. My uptrending stocks decreased in number while the downtrending stocks increased in number - although uptrends still outnumber downtrends.
In a crappy market like this, Facebook and Zynga are moving up. Why is that? Randomistas discuss.
As a speculator, I have to commit to one side or the other. Here it is - the bull is still in place. Even though seeing new lows outnumber new highs, one of my criteria for determining the line of least resistance, interest rates are still low. Interest rates are the best technical indicator that a technical analyst can use. And in an environment where they are low but rising, such as we will be in soon, is the most bullish of environments we can have.
The biggest debt buyer in the world (the Fed) has announced that he will reduce his buying and to some short sighted people it appears as a reason to get out of stocks. Let them sell! What will happen as the biggest buyer of debt reduces his buying? Bond prices will drop, that's what. As others start bailing out of debt, they will eventually put their money into stocks. That may be quite a bit into the future, but that is what indicates to me that the bull market in stocks still has room to grow. As a stock speculator who prefers the long side to the short side, I'm optimistic.
This post is worth what you paid for it.
In a crappy market like this, Facebook and Zynga are moving up. Why is that? Randomistas discuss.
As a speculator, I have to commit to one side or the other. Here it is - the bull is still in place. Even though seeing new lows outnumber new highs, one of my criteria for determining the line of least resistance, interest rates are still low. Interest rates are the best technical indicator that a technical analyst can use. And in an environment where they are low but rising, such as we will be in soon, is the most bullish of environments we can have.
The biggest debt buyer in the world (the Fed) has announced that he will reduce his buying and to some short sighted people it appears as a reason to get out of stocks. Let them sell! What will happen as the biggest buyer of debt reduces his buying? Bond prices will drop, that's what. As others start bailing out of debt, they will eventually put their money into stocks. That may be quite a bit into the future, but that is what indicates to me that the bull market in stocks still has room to grow. As a stock speculator who prefers the long side to the short side, I'm optimistic.
This post is worth what you paid for it.