02-04-2012, 03:51 PM
I was home all day Friday painting the kitchen, so I got to watch CNBC most of the day. I was thinking of you guys as I watched everything (especially financials) zoom up, and wondering if you still had your shorts...
Things are looking MUCH better for the US economy now (that was an outstanding jobs report), so I expect the bias still to be upwards. But...the market has been on a tear for a while, so I have to believe a profit-taking pullback is on the cards soon. Nasdaq is at an 11 year high! I sold some stuff on Friday. And there's always the twin bugbears of Europe and Iran (which could be a REAL market killer) on the horizon)...
Up 47% so far this year, almost as much as after an entire year in 2011. Makes me nervous - maybe I should just sell now and sit in cash for the rest of the year.
Things are looking MUCH better for the US economy now (that was an outstanding jobs report), so I expect the bias still to be upwards. But...the market has been on a tear for a while, so I have to believe a profit-taking pullback is on the cards soon. Nasdaq is at an 11 year high! I sold some stuff on Friday. And there's always the twin bugbears of Europe and Iran (which could be a REAL market killer) on the horizon)...
Up 47% so far this year, almost as much as after an entire year in 2011. Makes me nervous - maybe I should just sell now and sit in cash for the rest of the year.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market