Do you know what it takes to make money in this market, pal?
It takes religious faith to make money in this market–not balls. Providing you can avoid the occasional OSG in exchange for SVU, the market will reward you. That being said, I barely made any money today, advancing by just 0.25%. But, I am encouraged, based upon the sublime laws of mathematics, as so eloquently stated in today’s PPT summary. For the uninitiated: I give a full daily summary of the day’s events, as seen through the eyes of my mechanical brain aka The PPT.
Bottom line: the market didn’t collapse following Friday’s debacle. The bears need to respond quickly, else they will lose the initiative and the momentum will tumble in favour of the bulls, yet again–as prophesied by the blunt smoking pimp, Benjamin Bernanke.