Anecdotes of my life and relationships as they have been, are now and will be.
Thursday, August 09, 2007
Not a Market for the Weak
The market is in complete disarray. Technical analysis seems almost useless these days. The market blows through resistance, but then sinks beyond support. It doesn't make sense. It's a new market that is being run by "outside" factors. Subprime rates are simply out of hand. I'd hate to admit how nice my portfolio looked a short 2 weeks ago. Today it's down substantially and I've decided that not looking may be better for my health.