Stock trading
Bob Morris @ Apr 26th 2008 02:50 - Category: Unfiled
Haven’t done any stock trading for the past few weeks, as we’ve been busy packing and getting ready to move. Also, the market has been irrationally exuberant of late, staging big rallies on bad or nonexistent news. So, I’ll wait until it looks like a top, then buy more puts on financials, as I think there will be at least one more big downdraft.
Not being absorbed in the daily minutiae of the market does bring perspective and helps one to perhaps view the general trends better. Less trees. More forests.
So this break from the market is welcome. Once we get moved, I’ll be back into it again. However, we’ll be on the West Coast where the market opens at 6:30 am, not 9:30 am. Ugh. (Did i mention I’m not a morning person?)
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