Wednesday, 11 March 2009

Commentary: Your source for news, commentary, and stock info

Lots of Debate: There was a lot of debate about whether yesterday's surge in the market was the start of something real or just another bear market rally. Arguing about whether it was or whether it wasn't is immaterial. People need to be thinking about their strategies and their views of the future movements in the market. People should only concern themselves (in my opinion) with trying to catch the major movements in the market (i.e. Trend-Following) because that's where the money is made. If people think the market is due for a rally, then they should be preparing themselves for that. If people think the market is going to plummet some more, then they should have a plan for that, too. But arguing about it is a waste of time. In the end, only one group (i.e. bulls or bears) will be right about the direction of the market.

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