A diary of the thought process behind my investment decisions
I don't think we close at the lows...Tsachy, post some GOOD news. There is/has been quite a lot lately. You seem biased again.S.
The news is always best at the top and worst at the bottom. Selling when the news is bad and buying when the news is good will not lead to good long term returns.
The key to investing is to buy when the news is bad and then sell when the news is good. Wash. Rinse. Repeat.
In addition to call buying, there was a big rotation into the Russell 2000 today. Seems like Nasdaq speculators were spooked by Cisco and went to other speculative stocks.But they're not buying the S&P. Everyone is trying to maximize beta. That can't be a good sign for the market.
Post a Comment