War is always a black swan event, one that serves as a monkey wrench in the wall street cog. I can’t say I’m surprised about August difficulties. It is wall street tradition to struggle through the months of August through October.
These are the months that try investors temperament and staying power. Before you know it, Christmas season will be here and we’ll all be popping champagne corks again.
For now, there are several cross currents we need to watch. The first being the most important: interest rates. With the Syria news, rates have gone lower, a good thing! The other problem is Syria, which if you think about it is a non-event. We’ll launch 500 cruise missiles, send over a few bombers and call it a day. I doubt there will be any ground combat to worry about.
People are finding reasons to sell. If you are smart, you will keep a wish list of stocks nearby and watch them carefully. Free up some cash in non-core names, trades gone awry, and buy your wish list, as they come in.
As traders/investors, that’s all we can do now. We can either hedge and risk missing out on a huge bounce, or bide our time and position for the next 3-6 months.
Go eat a sandwich.
NOTE: Today we launched After Hours with The Option Addict. Being that the market is in flux, I cannot think of a better time to showcase Jeff’s incredible skills. Be sure to sign up for our two day free trial to see if it meshes with your style. Just know, the first 100 sign ups will receive a significant discount.
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Is an ibankcoin account the same as your PPT account? I can’t register with my PPT username and password, I’m getting an error message.
i had the same issue.
I created a new log in. . . not great user experience. 🙂
Not same login , sorry.
Can you please delete my e-mail, thanks
You can choose free trial. Of course it’s different than ppt. It’s his service.
After signing in, click on after hours logo,
Sorry, I meant it’s asking me to register for an annual fee when I click free trial.
After you sign up, click on After Hours logo on top right.
If you don’t do this, I will kill you.
Again with the email?!!!
Sorry and thank you.
I remember my first time using the Internet Jules.
Me too.
Prodigy dial up was a beast.
Although it wasn’t as cool as my first fax in about 1978 (summer intern at a bank).
The curled thermal pages were awesome and it took about 15 minutes page to send and receive.
Same, still have some residue on the ol keyboard
HDK
Eating sub par subway sammiches
OA is a perma bull clown who front runs penny stocks. this market will kill him