You can't blame the market for your losses.
wh$$ is going on with this market!? can't take it anymore!! help!
- Thread starter bluematrix
- Start date
Good Question, I dont have an answer, I thought they would have put it out there when they talked about the 9 Day record going back to 1996 but so far nothing, I will check it out though and see what I can find....
I just sold my XHB I bought a while back, one of my last longs to sell. Last week I sold SOXL at $36 today $40+ and sold FAS at $156 now $166+ I thought I was getting greedy by holding as long as I did, but not worried, after 9 or 10 or 16 straight up days will be a correction of at least 5% coming...stocks dont straight up, this isnt 1999!
I think it might be 10 days, so 11 would break the record set in November of 1996.
The Dow Jones industrial average notched its ninth gain in a row Wednesday, giving the index its longest winning streak in more than 16 years.
The index edged up 5.22 points to 14,455.28. The Dow has risen every day this month and is up 10.3 percent this year, having surpassed its previous record of 14,164.53 March 5.
Demand for stocks has been propelled this year by optimism that the U.S. housing market is recovering and that companies have started to hire. Strong company earnings and ongoing stimulus from the Federal Reserve are also helping make stocks more attractive.
The Dow's last nine-day winning streak was logged in May 1996. In November of the same year, in the early days of the technology boom, it gained for 10 straight days.
The longest win streak on record is 13 trading sessions, which ended on January 14, 1987
Oh Oh!
Oh Oh!
Winning Streaks...
http://www.davemanuel.com/2011/02/0...n-the-history-of-the-djia-nasdaq-and-s-p-500/
Trade On!
http://www.davemanuel.com/2011/02/0...n-the-history-of-the-djia-nasdaq-and-s-p-500/
Trade On!
Quote from southall:
Look at a long term chart of the VIX. Every time it gets to 11 or thereabouts, its tends to stay down there for a few years.
2013 and 2014 could be really slow markets. Like 2005 and 2006 were.
Only a black swan or some geo political event can save us from this low volatility hell!
That would suck. Trading desks have already laid off so many people due to low volume and volatility. Vicious cycle.
If FED and government policy are buying houses and markets, running debt infinitely higher, juggling figures, and telling us everything is fine - go back to sleep; I guess they are working hard on the solution as we speak!