I still remember the time around when this picture was taken fondly. The sun was shining on me and the family. I had just signed my first real client, everyone in the family was doing well, making money. Then, almost as if the gods begrudged my happiness a series of tragedies befell me and those close to me. It began with me and my brother having to put down out dog of 17 years, then life began to catch up with those close to me who enjoyed living dangerously, limiting freedoms and stressing everyone in the family. People began to walk away, as cowards always do when the going gets tough. We endured. Fast forward two and a half years and we are still here, older, and slightly wiser. I won’t lie and say it was easy, or insult you by pretending you care. I am merely here to remind you that you get it how you live it and to share words of wisdom that were once imparted to me:
“Once you get it, don’t get it and boast, just through the knowledge the greater the trial the greater the growth”

My point with all this being, when emotions are riding high, as they are right now in the market it is best not talk shit to others, as you will shortly have your period of hardship. The hubris of Friday was punished with Mondays action, and that new hubris punished today.

With the emotional swings in the market, and a wall of worry, I am seeing many possible bottoming patterns in energy, and financials as well as the broader indices. I’m not calling for an immediate leg higher, but this bears watching.

Indices:

Sector ETFs:

Watchlist:

4 Responses to “Emotions running high”

1. 

   Yogi and Boo Boo

   June 12, 2012 at 8:45 pm

   @TJWP – The market doesn’t care one way or another what the participants think of it. It just is. Prices, volatility, and probabilities. Sometimes interest rates, but not now. Nothing more. Don’t give it any power it doesn’t have.
2. 

   noodle

   June 12, 2012 at 9:27 pm

   Nice post @TJWP Noticed the .TO stocks, are you also a canuck? Lots of inverted inverted HnS popping up, down at the cross roads

   • 

     noodle

     June 12, 2012 at 9:29 pm

     only meant to type inverted once
   • 

     TJWP

     June 13, 2012 at 2:22 pm

     I like the Canadian stocks because they let me avoid currency conversion.

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