Sh*t Boom! Market Erases Gains
Sh*t Boom!
Within the first hour of trading the markets forfeited all the Sunday gains. All the major indicies are in the red, with the nasdaq down nearly one percent. Yesterday I was certain there would be a massive rally, but we got a sell off instead. I was dead wrong. Oh well shit like that happens. Bfft
Since I don’t advocate day trading and use a buy and hold strategy I’m not concerned about the sell off. My shares in MOS are up again for the fifth day in a row or something, and Visa and PCX are flat, so even with the reversal I’m well in the green. Meanwhile, day traders are trying to pick the bottom and top while losing money in the process.
The best strategy for these turbulent market conditions is to buy the same stuff that has been working for the past year. Stuff like KOL, PCX, MOS, MOT, AAPL, CLF, EWZ.
Write a comment
You need to login to post comments!