I'm somewhat confused at the atmosphere around here. Last week the "smart money" on Slope (those who seem sharp and know what they're doing) projected this week a push up to about 1050 as a gift from heaven for the bears. I agreed. And here we are – 1050+ on the S&P. Good!
But people go from bear to despair really quickly (suggesting a surge in the S.A.D. Indicator). Here are a couple of real plums:
It seems, based on the above – without any real interpretation or extrapolation, one concludes:
- Get your investment direction from radio and television ads that are selling you stuff;
- Don't ever close long positions;
- Don't ever buy puts;
- "Computerized lines on monitors" (e.g. the entire world of charting) is pointless;
- In this market, one should simply "buy and go long" (which I thought were synonymous)
M'kay.
