Always love the Saturday morning, especially after a raining night, the air is so clean and fresh.
Checked the overnight markets. DOW closed at 10,193.39 +125.38 (1.25%). The content, I saw a group of monkey.
As I always tell others (also myself) to get the market defination right before elaborating further, how to profit from the market.
My defination of market; (1) A place where legalized all the conman job. OR (2) A place where, monkey see monkey do.
See the below content;
“Technically speaking we’re very oversold -- really that’s the understatement of the year,” said Walter Todd, who helps manage about $800 million at Greenwood Capital in Greenwood, South Carolina. “I’d rather be buying now than I would three weeks ago.”
“It’s an enormous document -- the devil will be in the details,” said David Katz, chief investment officer at Matrix Asset Advisors Inc. in New York, which manages $1.2 billion. “The early read is that it’s not as onerous as some feared.” That is why I'm reminding myself, this is a typical; Monkey see, monkey do market. After event's bull.................
Please be reminded, always STAY AWAY from the market. Judge and analyse all the available facts and informations, make the very own decisions. Not necessarily has to be acontrarian,but it's a must.
If I'm wrong, at least I am fully awared of what is going on.VIGILANT in analysing all the facts and informations obtained and after the decisions, monitoring the risks stringently.