A Pop in Emotions
A pop to start the morning, and I see the emotions out in full force, both pre-market and shortly after trading started. The pre-market was fraught with folks boasting about their purchases from Thursday or Friday that are already up a whopping 1% or 2%. Impressive. I humbly bow to those who grabbed a stock which has increased right along with the overall market. Sure, they get points for buying, but let's leave it at that.
However, after the gap higher, I saw many more cynical posts than trading posts. Unfortunately, cynicism isn't profitable at the moment. That can be hard for me to say, since cynicism and sarcasm generally rule my day. However, it is what it is, and my shots to the short side continue to be single-day or two-day plays, like last week's put purchase on the SPDR S&P 500 (SPY). Until the "buy the dip, buy the press conferences, buy the open, buy the close and buy the buys" stop working, it has been too difficult to play it many other ways....269 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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