11:06
Unknown
Pullbacks are reality of "normal" market.
We were extremely fortunate that we had a sustained UP move since June 2009.
Now 2014, has a different profile.....
2014 is more like a "normal TAPE"
Pullbacks will be more common & gains may be limited to 8% per year.
It has become a stock pickers market more so than anytime since 2009.
One has to adjust to this "new TAPE"
You have to figure out how to make that elusive 8%
As markets will be volatile which is normal, you need to adjust to this new reality.
This market is more "investor friendly" than "trader friendly"
Investing is a long term commitment to a good story or emerging story.
Those who do not adjust will be whipsawed by this market and will fall behind badly.
SO..this weekend, you need to understand this "new TAPE" and plan strategy accordingly,
Remember "nobody is smarter than market"
It is impossible to beat the TAPE .....
On the plus side, we have tremendous buying power from institutions & retail, who have been out of this market due to volatility & margin calls.
S&P 500 should take out 50 DMA with ease & may move towards 2000 from hereon.
BUT ..there is too many negative news coming from all over the world, some economic negativity & some world politics issues, like it IRAQ all over again....
BLOG does NOT give buy or sell.
Next post on Monday around 2 PM.
Saleem
We were extremely fortunate that we had a sustained UP move since June 2009.
Now 2014, has a different profile.....
2014 is more like a "normal TAPE"
Pullbacks will be more common & gains may be limited to 8% per year.
It has become a stock pickers market more so than anytime since 2009.
One has to adjust to this "new TAPE"
You have to figure out how to make that elusive 8%
As markets will be volatile which is normal, you need to adjust to this new reality.
This market is more "investor friendly" than "trader friendly"
Investing is a long term commitment to a good story or emerging story.
Those who do not adjust will be whipsawed by this market and will fall behind badly.
SO..this weekend, you need to understand this "new TAPE" and plan strategy accordingly,
Remember "nobody is smarter than market"
It is impossible to beat the TAPE .....
On the plus side, we have tremendous buying power from institutions & retail, who have been out of this market due to volatility & margin calls.
S&P 500 should take out 50 DMA with ease & may move towards 2000 from hereon.
BUT ..there is too many negative news coming from all over the world, some economic negativity & some world politics issues, like it IRAQ all over again....
BLOG does NOT give buy or sell.
Next post on Monday around 2 PM.
Saleem
Posted in: Mixed
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