Commentary:
This week is going to be an uncomfortable one, being a full year since the terrorist attacks on the World Trade Center and the Pentagon. I can hardly believe a year has gone by since I was standing in our office, drinking a cup of coffee and someone on CNBC commented that a friend had called him about a small plane crashing into the World Trade Center. It wasn't long before they showed the building live, but even then, the story was a side show in the middle of a bear market. Minutes later the "side show" became the main feature that consumed our day, and weeks ahead......and maybe the entire year.
Jennifer and I have tried to discuss the subject of dealing with the Savvy Trader site on September 11, 2002, and with knots in our stomachs and tears in our eyes we have so far failed to resolve the question of whether it is best to show respect by staying away from trading and CNBC, or by continuing on as usual showing that the free market capitalist system, the system the terrorists hate, continues strong despite their attack. The event a year ago will remain scar on us and on many others for generations to come, and I suppose we will all find a way to deal with it in a manner that brings our hearts to some kind of peace.
Regardless, the markets will be opening late on Wednesday.
The SSRatio is still in the negative, but could turn up early this week. And, many stocks have been making higher lows, so I remain relatively optimistic. We are in a traditionally weak season, and many believe that seasonality factors will drive us to new lows, guess we'll see.
Have a good week,
Sam
Sam@savvy-trader.com
