The reason for trading profitability is actually intangible. Explanations are only guidelines.
What the hell is causing this extreme constant bullish move in the Dow??!
- Thread starter spanish89
- Start date
The reason for trading profitability is actually intangible. Explanations are only guidelines.
Quote from lwlee:
You sound like you went long at 14k
Nope, fortunately for me I'm not a day trader like most of you. I have a mid exec level job at a large FMCG company that pays the bills. I can sit this market out until it becomes more reasonable - which I do in periods of mass insanity like this.
But I wouldn't short this cesspool.
The only "trades" I have on at the moment are FX related, and my IRA which is long Treasuries, hedged with a short on longer dated treasuries.
You and everyone else doubts the rally, makes me feel better about being long. Treasuries are the safe way to make very little money. Without a headline out of Europe, China Hard Landing, Debt Ceiling, Fiscal Cliff and whatever else they can muster up this market will continue to climb. Just no whee else to be, the Fed is forcing people into riskier assets and lets say the headlines actually turn positive then comes the public in towards the top. The guys who weren't scared will be happy to sell you their shares.
we are all here thinking for ourselves. youd be suprised how much I learned from some dumb ass redneck that didnt tell me shit
