MarketFest, Taking gains quickly seems like a good strategy in this whipsawing market. But staying out of the market altogether may be an even better strategy.
It just seems way too unpredictable right now, even the flash trading hedge fund guys are having trouble. G. Sachs just had a losing quarter, apparently only the 2nd losing quarter in company history, and now Corzine's hedge fund just blew up. If these guys can't make money trading this market, maybe the sidelines is the best place to be.