Mainely Stocks

[ari5000]

current thinking: no confidence


I bought some CCME and CNAM yesterday... during today's rally they didn't do much. I sold both for a total loss of four bucks. Both are now trading even lower.

Really is silly to hope people will regain confidence too early. Confidence is gone.

Although there are constructive signs. We need more.


What is working recently (like the past 5 days) is oil -- but you had to have gotten in just when it bottomed to profit from it. If you bought it anytime in April or beginning of May you still have a big loss.

Every afternoon seems to bring in heavy sellers... It's a market bound to disappoint you right now. So don't get involved, at least not with size.

That said, today is a very good day for the markets. Best in weeks. I just don't know if tomorrow we end up giving it all away again.