As Mr. Market prepares to usher in a little Holiday Cheer, we run through the charts and prepare what has all the makings of a nice final full week.
I recently returned from Las Vegas where the second annual Tickerville Trader gathering was held and where I was pleased to experience a successful run at the black jack tables throughout my stay. No, I didn’t return home with a new car and Papagiorgio status, but my play was consistent and I was rewarded enough to pay for just about all our ancillary activities.
With the market gyrations, traders are struggling to embrace all the emotions that follow. Quint takes a look at these emotions and discusses some key elements to remaining in control.
It’s tough to believe that before our eyes the market is crashing. The common thought process is that a crash takes place over a few days however whether it be due to increased efficiencies within the technological systems in place, or the increased amount of participation within the stock market, the crash of 2008 will be discussed as one that took place over a span of a few weeks and not a single day.
This morning we awake to learn of a desperate attempt by our government to prop up falling stock prices. Never in my lifetime did I ever believe I would see such a thing however it is here and now I can complain about it, or embrace it and move on. At the end of the day, my job for myself and clients are to make money regardless of the rules or environment and that is what I must do.