Friday, 13 November 2009

Divorced from Reality

I have been on break for awhile. Had to get some work done and figure some things out. Full-time trading doesn't always allow you to have spare time. I have been amazed at the market's ability to go up month after month yet reports about the health of the economy show deterioration. I still believe the rally is based on false hope and the economic realities will have to be addressed. From a trader's standpoint, every stock I see is getting close to nosebleed levels based on a glance at it's chart. I like to buy stocks going down or experiencing correction. Not stocks in straight lines upward.

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