Daily Archives: December 4, 2013

Perspective Is Needed More Than Just Numbers

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Like many of you I also during the holiday break had varying conversations on a wide range of topics with either family members or friends. One topic that came up many times was where the stock market would end up by year-end. People gave their differing opinions for both higher and lower guesses. However, what seemed to be missing from any of the discussions was whether the rise was valid or not. In other words, just why was the market at these levels to begin with? (more…)

Fear: One Tim: Zero

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Grrrrrrr. I hate what this market has done to me. I was looking at the ridiculous “bad news is good news” ramp this morning, and I was staring at ths SPY thinking, “OK, this is the most obvious short set-up in the world. Only a moron wouldn’t short this rally.” But I decided to be a moron and do nothing. And, bang, as God intended, it is falling apart. Reality is starting to enter the market again, people. Set-ups that look good probably are good again. The Fed is starting to lose control, bit by bit. In the end, we’re going to win. But we can’t win unless we’re willing to step up. (more…)