re Xmas Tree formation
guess you have to ask yourself what gifts are under the tree... :o) Basically, when stocks come back are real estate crashes,(I think we have 10% more to go), people start feeling pretty poor, stop spending or wait for a sale. I am amazed with this generation of kids under 30. I remember standing in line in 1973 trying to get a 1.60 an hour with 300 other people, there was 2 jobs available. I also remember when getting a job at a McDonald was the best job around as a teenager. Not sure if we don't have some character building stuff coming up. We have a generation of spoiled kids who think they are entitled to everything. What ever happened to leaders like Theodore.
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
I would relate this to Gleno and his trading, but I can relate to this to my trading also....LOL
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