The title is really descriptive of what traders think about themselves after posting a loss. After all, the future is uncertain – will you ever post another winner again? That is a rhetorical question of course, because we cannot predict the future. But if you plan well, do your due diligence, study, focus and make…
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Commentary – 07.19.11 Strong day here on good volume and solid breadth after yesterday’s smashing. Given the short term oversold signal it seemed the markets were ready to rumble higher and indeed that’s what we had. Buoyed by good earnings from IBM, tech was the star of the day while poor earnings from GS and…
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With the second half in the rear view mirror there is so much to look forward to as we attack the rest of 2011. I certainly hope we have less chills and thrills in the back half of the year – maybe just a bit off settling down with a bit more stability. So as…
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After last night’s blowout earnings from Google and buyout of HK from BHP it seemed the bulls had the wind at their backs for a smooth finish to the week. Alas, we cannot forget the shenanigans going on in Europe (bank stress tests) and Washington (budget and debt) that tend to spread poison across every…
DetailsWe would all like to get a piece of this monster before it makes a move post earnings. After all, it’s the ‘gift that keeps on giving’. Management does not lead the horses, er analysts to any predictable number – seems they all have to do some work to arrive at some kind of decent…
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Commentary – 07.12.11 If there is one thing we know about this market is its unpredictability. Last night when I went to bed the futures were down about 9 – knocked for a loop after some worries over Italy suddenly surfaced. This really is not a new problem as we know but given the sharp…
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It’s hard to forget the past, isn’t it? Especially when all we remember is the pain and anguish of a certain time frame. Loss of a loved one. Separation. Child sent to battle. Illness. Loss of a job, house foreclosure or even loss of significant money. We know pain longer than pleasure, hopeful not to…
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The bulls were running in Spain this week, which makes the second straight week as the bulls on Wall Street were charging prior. This past week finished slightly higher as the dismal jobs report Friday was a hint that the economy is not totally healed. The surprise was the difference between what ADP projected for…
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Now that the first half is over, now we can get down to some serious business! EARNINGS! I love this time of year. This is where we separate the wheat from the chaff and find out just who did well last quarter. Mind you it was a challenging one for most businesses – a soft…
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I’m sure most of you know that the house in a casino mostly has odds just better than 50% in many table or dice games. So, how would you like to have even better odds than the house? It can be done! I bet you didn’t know that 80% of all options expire worthless. So,…
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