Tuesday, August 25, 2015
Every Time I Want Out They Pull Me Back In
If you wanted an out, then the market is giving you a gift today. Dow futures are up 600 points and the 1987 crash callers are now changing their tune. We are not out the woods yet, the reaction we see today is an example of what the market does; it goes up AND down, not up OR down. Nothing goes down in a straight line or up in a straight line. A lot of people panicked at the open, sold and lost some real money. These will be the same people that will shy away from the market for a long time because they felt robbed, violated, etc.. But the real story is that they did not have a plan. Instead, they followed the word of a blogger or bloggers that have no idea what their particular needs are.
Now is a good time to prune your stocktwits/Twitter followers and your blog reader. Get rid of the fear mongers, conspiracy theorist, etc.
Start to think about what you will do if the market revisits yesterday's close. I believe that there is a good chance that will happen between now and October.
Is The End Near
Keep This In Mind Before You Jump Off The Ledge
The History Of Crashes
8 Facts About Shorting
Don't Try To Avoid The Unavoidable
Getting Started Is Easy
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."