Thursday, May 20, 2010

another good day!

I like these moves. better than sideways boredom. Down or up doesnt make any difference as long as your on the right side of the move. Unfortunatley my system got long a bunch of stocks when the bull run was way long in the tooth.. but had to take the trades cause you never know. I thought this thing was way overbought 6 months ago.

Noriel Roubini was just on cnbc and pointed out all the huge macro global economic issues facing the world. He suggests reduce exposure/risk be in cash or short term govt securities from solid countries like canada or germany. Notice he didnt mention US.

10 minutes to go and the market is selling down hard again. I still havent been able to pick up that WMV at the open price. Dow down 300

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