Joined Jan 1, 1970
509 Blog Posts

Morning Comment

Despite the market being down yesterday, the NYSE Bullish Percent increased by 1% to 22%. This continues to be a divergence from the major averages and is worth noting.

Today is a good day to bottom fish, or die. Take your pick.

Just realize that trading and investing is all about risk. You can’t be risk averse and expect to win in the stock market. Embrace risk. Cherish her. Let her be your ally. But realize that she can be a treacherous girlfriend. Even though she once gave you weekend blow jobs and a bottle of beer, she can also turn on a dime and dump you for some pre-med geek that got accepted to Brown University. Risk is that fickle. Where was I?

Oh yeah, bottom fishing. Start buying. We will end up positive today. The Bullish Percents don’t lie.

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