tag:blogger.com,1999:blog-18830179447751119852011-12-26T11:44:52.611-05:00Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.comBlogger321100tag:blogger.com,1999:blog-1883017944775111985.post-37447918540165362632010-10-22T09:12:00.000-04:002010-10-22T09:12:03.344-04:00

There are many things a trader can do wrong in the markets. Still, there are a few things a trader can do right. All the market acumen in the world is useless for a trader who ignores his own rules, or who changes systems as often as he changes socks. Yet, many of these folk seek a better system, a holy grail in their trading. The battle in the market is not just bulls vs. bears, it's educated

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-43112900657922784082010-04-06T17:16:00.000-04:002010-04-06T17:16:03.055-04:00

Neither the Fed minutes, rising interest rates, or anything else is going to stop the bulls from SPX 1,200 and INDU 11,000. Some gurus are suggesting even 1225 on SPX is not out of the question. I don’t chase price, but I do setup for reversals. It’s all a matter of following the herding instinct or going down that path less traveled… and right now that path is cluttered with overgrowth since

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-32422797909793294572010-03-07T09:06:00.001-05:002010-03-07T09:06:51.520-05:00

One year ago today, March 6th, 2009, if you were in the market or just a casual observer you would have been convinced the end of Western civilization(?) was at hand. The stock market had been in an aggressive accelerating downward spiral and by March 6th value in the S&P500 had been cut by ~57%. And it did it in frightening high record setting single day drops as the credit markets froze up.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-41466288887382320102010-02-05T08:25:00.001-05:002010-02-05T08:25:51.529-05:00

Here comes the job report and of course the market will react to the headline accordingly. However, the headline number of an additional 824,000 jobs that we will see is already built into prices. That headline came out earlier in the week... (if I could find the article I'd include here but can't find it just now). With today’s report, the government will also issue revisions to payroll

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-24177786979292349472010-01-31T10:13:00.000-05:002010-01-31T10:13:19.524-05:00

Headlines drive the market from day to day. Here's one the market is probably pricing in these days...Some Bailout Goals Still Unmet. You saw the reaction in banks last week, although not attributable to this report. With all due respect to dentists, most of us would rather spend an hour in a dentist chair without Novocain than read a report about what the government is doing with our money,

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-49275448995555507542010-01-25T10:26:00.001-05:002010-01-25T10:28:14.046-05:00

Obama Administration Steers Lucrative No-Bid Contract for Afghan Work to Dem Donor The administration is laughable if not just outright more corrupt than anything we've seen in the past. Providing Acorn doesn't beat up voters at the polls in the upcoming elections, maybe, just maybe we can get these yuckapucks out of here.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-76996509481553683772010-01-13T11:44:00.000-05:002010-01-13T11:44:19.851-05:00

Interesting story here (http://hosted.ap.org/dynamic/stories/U/US_NY_GOVERNORS_SON?SITE=FLTAM&SECTION=US) on Gov. Paterson's son in New York. The youth in question was playing dice but "not for money," says the father. Sort of like Clinton smoking dope but not inhaling... what are these people absolute idiots... as in I snorted coke but didn't let it go up my nose. Or I robbed a bank but didn't

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-9455227893209967432010-01-03T20:05:00.001-05:002010-01-04T07:05:52.872-05:00

Here's the headline: TSA Tightens Security for International Travel ... and so you were asking yourself, "wait, weren't they DOING THIS ALREADY?" NO! Well, you go Janet Naplitano.... you go, girl!

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-8275000457458934082010-01-02T09:47:00.001-05:002010-01-02T09:47:24.713-05:00

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-67943851898457642342009-12-28T05:24:00.003-05:002009-12-29T12:28:41.136-05:00

Now that terrorists are pouring into the U.S. and recently tried to blow up a plane near Detroil, don't you feel safer with Janet Napolitano, a lawyer, a politician, a socialist, in control of Homeland Security? We're being "protected" by lawyers. Think about that long and hard before the next bought election in the U.S.A. "...it worked." Lawyers, the very people who brought the U.S. to it's

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-20497376144820169932009-12-22T06:55:00.000-05:002009-12-22T06:55:06.295-05:00

In George Orwell's famous line, "All animals are equal but some animals are more equal than others," there lies a prophetic comment about American and world politics. The legal profession considers itself not just advocates of legal interpretation but the ONLY body capable of making laws. Given that the free-world has been led, for the most part, by lawyers holding political office, and given

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-53109333953762426982009-12-07T15:16:00.001-05:002009-12-07T15:18:38.011-05:00

For the record ... some political news that should concern all of us: http://www.foxnews.com/story/0,2933,579652,00.html?test=latestnewshttp://www.foxnews.com/politics/2009/12/07/reid-compares-health-care-reform-foes-slavery-supporters/If items of this nature don't affect you then, please, by all means, just keep watching TV.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-23989947810072233002009-11-05T15:22:00.003-05:002009-11-05T15:28:56.643-05:00

Just a thought, but if things are so encouraging, so improved, why did the Senate just pass an extension on job benefits and new home sales credits this morning? This is one reason (among many) that I'm shorting into this rally.WSJ reports the Senate passed legislation that would give tax breaks to big companies hit by the recession and expand a credit for homebuyers, while raising other

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-77869954539685120472009-10-18T10:57:00.006-04:002009-10-20T08:12:14.304-04:00

I have been in the markets ever since the earth's crust started cooling and the first "exchange" was created. Back then participants threw rocks at each other as a way of expressing bullishness or bearishness. It had its merits.Fastforward to 2009, if "greed captures the essence of the evolutionary spirit" then Adam Smith's "invisible hand" will prevail in spite of the war on capitalism and

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-48529079347641335172009-10-13T10:39:00.000-04:002009-10-13T10:40:19.514-04:00

Please don't tell Obama and the socialists what comes after a trillion!

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-7345103706733236782009-09-24T14:11:00.001-04:002009-09-24T14:12:53.690-04:00

Yesterday, we had yet another instance of buyers failing to show up where they should be the most aggressive. This is a bearish divergence that’s starting to take on importance. The two reports due this morning as well as Friday's reports should continue to show improving results which of course will get a bullish rally... however, they are already anticipated, already built into price, thus

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-3643575140376887562009-08-30T13:27:00.015-04:002009-08-31T19:00:54.653-04:00

Sometime when trading the stock market, as in life, the only thing that needs to change is everything.I've watched many students trade over the years. I've watched some succeed, and I've watched some fail. This is written for those of you that are on the verge of failing. In trading that means on the verge of blowing up your trading account.Let's start with the obvious thing that must change-

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-89393404939255274692009-08-26T06:21:00.008-04:002009-08-31T11:55:09.255-04:00

I suspect good news from today's Durable Goods and New Home Sales reports will prod the bulls higher still, since this would support talk that the market is underestimating the strength of the recovery. However, a failure to react, if today's reports are "better than expected," I would then expect a sell off. No, I won't be holding my breath on this expectation. However, I will be watching the

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-37397465912212202082009-08-25T12:15:00.002-04:002009-08-25T13:57:40.792-04:00

Momentum in the market is a very powerful force as current market action shows, but it is often wrong because it defies logic. Logically we know this market is and has been overextended, overpriced, and ready for a fall.Even educated, knowledgeable money managers are bidding up price out of fear of not owning an already overpriced stock. Forget the fact that earnings are not from core growth of

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-18822328110322556672009-08-25T06:24:00.002-04:002009-08-25T06:59:39.123-04:00

There are five trading days left for the month of August. And what, boys and girls, have we learned about end of the month window dressing? It's bullish, or at least it is generally bullish. This month the question becomes- is everybody in at this point? There was hesitation yesterday.I await the reaction to Obama's release of the new and improved deficit numbers today. It's a known issue, it

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-73654913322548138402009-08-23T11:32:00.004-04:002009-08-23T13:47:52.050-04:00

The obvious answer to the title question is, of course, to make money. The not so obvious rationale behind risk taking is another matter.A neophyte day trader seems to act as a result of an adrenaline rush and is usually wiped out after taking shots, and missing, helter-skelter, based on Cramer or CNBC hyperbole, or some such nonsense.A neophyte gunslinger acts on fear and greed. Oddly, an

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-14941474048786266302009-08-21T09:22:00.001-04:002009-08-21T09:41:09.048-04:00

The stock market did another one of its levitation acts Thursday, trading higher on low volume and following the lead of the financial sector. The bullish bias was consistent with most days of late, as was the market's tendency to ignore bad news and to latch on to hopeful news. Specifically, the market looked right past the awful initial claims data and the report that mortgage delinquencies hit

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-57107510704873229872009-08-17T19:02:00.003-04:002009-08-18T07:30:35.712-04:00

On August 11th, I posted the following: "Market types like myself are prone to make predictions. We don't start off wanting to make predictions as we realize the danger, indeed the folly, inherent in doing so. After all, we could be wrong. Nevertheless, the challenge is there, it's always there- daring you, sucking you in until you just blurt out something that, as soon as it's said, you

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-83746027733209303602009-08-16T10:23:00.003-04:002009-08-16T10:27:08.895-04:00

The toxic assets are still held by those banks that have received 2 trillion dollars .. the same banks that the govt says are safe and secure. How safe and secure are they if they had to get 2 trillion dollars and THEY STILL HOLD THE TOXIC ASSETS? And those assets, primarily mortgages and derivatives, are still an unknown, unquantified, unverified, unmarketable asset.Govt can only hope you

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-62501617073193732292009-08-13T14:08:00.001-04:002009-08-13T14:08:52.417-04:00

EXCERPT FROM THE US CONSTITUTION, Article I, section 10: No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....FROM THE US TREASURY WEBSITE: "Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. The notes have no value for themselves, but for what they will buy."A

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-17060707598383959942009-08-11T12:33:00.002-04:002009-08-12T12:57:13.726-04:00

Market types like myself are prone to make predictions. We don't start off wanting to make predictions as we realize the danger, indeed the folly, inherent in doing so. After all, we could be wrong. Nevertheless, the challenge is there, it's always there- daring you, sucking you in until you just blurt out something that, as soon as it's said, you immediately hope won't come back and bite

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-58596607456192269382009-08-11T09:55:00.001-04:002009-08-11T09:56:45.440-04:00

Every year I point to Aug. 14th as a big change day in the market. This year shall be no different... Aug. 14th... big change in the market.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-4682208309995185592009-08-07T07:37:00.000-04:002009-08-07T07:38:20.269-04:00

There are fears of a big down number in Friday's labor report, but that won’t tell us anything about the 2010 economy, which the current rally is trying to discount. Our PCRATIO has just about turned bearish http://cboe.com/data/IntraDayVol.aspx, though this can change quickly one way or the other.Jobs means income and spending money. We're still losing jobs. However, if you wish to ignore

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-4716625715860715432009-08-05T09:41:00.002-04:002009-08-05T09:55:41.473-04:00

I am a directional trader. I'm either bullish or bearish. When I enter a trade I must be right as to the future direction of price.When you think about that the odds are roughly 50/50, or a little less since price can also just move sideways. I'm also a short term trader (2 weeks is a long time for me).If the odds were always around 50/50 my net return would be determined on the performance of

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-51107668020876999062009-08-04T09:55:00.003-04:002009-08-04T09:56:08.947-04:00

It's not that I don't have anything to do in writing this, but this headline just came up and my mind snapped.. this is the result:Here's the mind snapping item:Goldman Sachs CEO tells employees to avoid making big-ticket, high-profile purchases - NY Post (164.10)NY Post reports co CEO has warned his employees to avoid making big-ticket, high-profile purchases as the gold-plated Wall Street co

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-45055216701202384302009-07-29T06:58:00.003-04:002009-07-29T07:17:24.658-04:00

You can read books on trading the stock market; you can buy and study CDs; you can peruse www.wallstwise.com until the virtual cows come home; you can paper trade for years ... YOU WILL STILL NEED A TRADING COACH TO SORT IT ALL OUT AND MAKE SENSE OUT OF IT ALL.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0tag:blogger.com,1999:blog-1883017944775111985.post-6257486795883476512009-07-22T04:40:00.002-04:002009-07-22T05:05:08.193-04:00

Better economic conditions are now priced into the market, which is a two-edged sword because the majority of profit improvement has come from cost cutting and inventory reduction, rather than revenue growth. Yes, Virginia, the market will go down.

Fear And Greedhttp://www.blogger.com/profile/08383771849349757144noreply@blogger.com0