Market Talk:
The other day they polled the trader group on Cnbc about if the bull market will continue and should people be buying stocks. Not one of the traders expressed caution and all said heck yeah buy stocks.
A few days later after the Olympics, a Ukrainian revolt and Russian backlash aggression in the area and we have a shaky market. The same traders that said buy before now say they don't know if they should "be long". The Dow was off 250 at one point, closing down 155 to 16,166. Gold was higher by about 30 bucks to 1,350.
When everybody is bullish on a panel of traders, that's time to be circumspect in my view. The other day when the traders were pounding the buy tables, I was just thinking about the one saying that seems to happen over n over again in the market and stocks.
yup.... "something always happens".
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ALL in my humble opinion, scroll down and read more..
This site does NOT make Buy / Sell recommendations.
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