Stock Market Analysis – 04-24-2009
The week closed marginally down, ending the long win streak but maintaining an upwards channel. I still maintain my bearish view, but it has been pointed out that it’s probably a lot easier for me to do that since the autotrader runs and I don’t have as much opportunity cost while I’m sitting on the sidelines. A valid point, but I definitely get the itch whenever I have cash sitting in my retirement accounts (which aren’t attached to the autotrader). I just remind myself of the times that I’ve pressed on overextended stocks and ate losses that I knew I shouldn’t be taking. The few times it did work out in my favor were fun, but I’m trading for profit, not for fun. Once again, I’ll end this week with a “let’s see what happens next week.”
Comments
Leave a Reply