Market hysteria
Just like that, last week has mostly reversed.
Sadly, we got stopped out of 3 stocks, all of which have resumed their climb.
Ah well, it is a reflection on the trading aspect of things (setting stops and getting back in). I think it completely reinforces the investing aka stockpicking.
We have $40K plus to invest. We missed an opportunity last week.
The question now is timing of reinvestment -
There will be upside pressure as we enter earnings season in April (pre-earnings will start now.). Intel excepted, I haven't heard any restatements yet, which leads me to believe that positive news is on the way.
There is potential havok from the Fed meeting in 10+ days. I do think that Bernanke will signal ongoing rate hikes (especially after the strong manufacturing numbers).
Big picture - invest all the way. Little picture - timing is a tough game to play.
Sadly, we got stopped out of 3 stocks, all of which have resumed their climb.
Ah well, it is a reflection on the trading aspect of things (setting stops and getting back in). I think it completely reinforces the investing aka stockpicking.
We have $40K plus to invest. We missed an opportunity last week.
The question now is timing of reinvestment -
There will be upside pressure as we enter earnings season in April (pre-earnings will start now.). Intel excepted, I haven't heard any restatements yet, which leads me to believe that positive news is on the way.
There is potential havok from the Fed meeting in 10+ days. I do think that Bernanke will signal ongoing rate hikes (especially after the strong manufacturing numbers).
Big picture - invest all the way. Little picture - timing is a tough game to play.
posted by Andrew at
9:58 AM
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