Jake,
Just to clarify...
I rarely let stress enter my day (I'm against that way of life
).
I am assessing, though, the amount of worry in the market.
For example, when the bond market closed today, the thought might be that stocks would get a break (maybe, even a relief).
Didn't happen.
No matter how you look at today, IMHO (which is sometimes with a silly smile, or a joke to the rest of the office, for our own relief - obviously, something you cannot always get in this forum), there is still an over abundance of worry in the market.
If you're making a living in this market, today hurt many. If you're using it for a secondary income, or have good long-term investments, jobs, businesses (Jake's Pub, I would say, in your case), then, you can ride out longer down trends better than others.
IMHO, if today has any follow through, that's a longer-term trend (correction) in the making... There may be nothing quick, as you suggest, if that happens, but, I will certainly watch closely and hope for the best.
It's a difficult task to speak to all on the same level. My own space has those that rely on day-to-day fluctuations, and long-term plays. Personally, I wear two hats as short-term trader and long-term investment stategist.
This is the first Turn-around Tuesday, in recent memory, that has looked like this one. As the brokers gauge, Monday sets the stage for the week, and Tuesday tells you if it will continue or turn around (in most cases).
We had a bit of relief toward the end of yesterday (Monday), but completely turned on our (turtle) back today. Too quickly for many. So, whether it's justified or not, if it continues to scare people out tomorrow,...well, let's wait for early morning to finish that sentence...
Hanging tough, F8
Just to clarify...
I rarely let stress enter my day (I'm against that way of life
). I am assessing, though, the amount of worry in the market.
For example, when the bond market closed today, the thought might be that stocks would get a break (maybe, even a relief).
Didn't happen.
No matter how you look at today, IMHO (which is sometimes with a silly smile, or a joke to the rest of the office, for our own relief - obviously, something you cannot always get in this forum), there is still an over abundance of worry in the market.
If you're making a living in this market, today hurt many. If you're using it for a secondary income, or have good long-term investments, jobs, businesses (Jake's Pub, I would say, in your case), then, you can ride out longer down trends better than others.
IMHO, if today has any follow through, that's a longer-term trend (correction) in the making... There may be nothing quick, as you suggest, if that happens, but, I will certainly watch closely and hope for the best.
It's a difficult task to speak to all on the same level. My own space has those that rely on day-to-day fluctuations, and long-term plays. Personally, I wear two hats as short-term trader and long-term investment stategist.
This is the first Turn-around Tuesday, in recent memory, that has looked like this one. As the brokers gauge, Monday sets the stage for the week, and Tuesday tells you if it will continue or turn around (in most cases).
We had a bit of relief toward the end of yesterday (Monday), but completely turned on our (turtle) back today. Too quickly for many. So, whether it's justified or not, if it continues to scare people out tomorrow,...well, let's wait for early morning to finish that sentence...
Hanging tough, F8
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