Thursday

Like Variety?

Tune in the TV or radio to a financial station these past few days and you will get a variety of opinions. It's a bear market rally. The economy's getting better. The economy's getting worse. We have a lot of downside left. Markets already priced everything in, ect, ect,ect. You get the point.

The only thing we really know is at least half of them are wrong. The other half of the right half are half wrong. It's amazing these people get paid for what they do. It's amazing we watch them, as we're complaining about watching them.

It's easy, for me at least, to get excited about this latest trend, but take it for what it is, a trend. When 652 thousand Americans, even more than predicted, lose thier jobs, and the market reacts postively, somethings afoot.

As for me, I don't try and figure it out. I just watch the trends, look for good stocks, and do my best to grow capital as I work hard to presearve it. When the trend changes, I will too.

-I am Long still GMCR, which had a very nice pop at the end of the day. (EOD)
-Could have sold IYR today at the lows, but the market is to unpredictable and I needed to have a short in there to cover. IYR seems to move quickly in big steps right along with the market. Makes nice cover for my longs.
-Picked up that NVDA right around the close at 10.49
-And still long Crude. I believe in Crude for the long run. For now.

Would be nice if this bounced around in this channel tomorrow. Could be optimistic, we'll see. Moods change fast on Fridays, be careful and keep it simple.
Your humble Amateur.

I like penguins!