Morning! Futures are green but not by much. Hope everyone makes lots of money today but remember, CASH IS KING!
Been trimming holdings last few days, half cash now. Ready to pounce on opportunity.
I hear ya, I dont want to miss the ride but I have a hard time investing in numbers I dont believe in. I hate getting caught with my pants down.
BTW, jobless claim numbers are BS, there reason the dropped off is because unemployment benefits have expired for a lot of people. There arent less people looking for work, they are just no longer reporting as looking for work.
Bass...looks like we got that 3.11 print. Hope to see a test of 3.14 next later today.
Hard to be in or out right now.....
But I am still LONGDUCKDONGINSIRI
Speaking of trailing stops, I just noticed the broader markets are beginning to soften, and all of my holdings now are off of their daily highs. I wonder if we might be sensing some pessimism as to how the Sequestration issue will affect the markets. I'm thinking of taking a closer look to decide if I need to take some defensive actions.
EDIT: PS. but isn't it strange that "Sequestration" news is not on the front page today?