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Friday
Aug082008

.."citius..altius...fortius" ?...not around here!

..one alert this morning...is let go of this market and watch the opening ceremonies of the Olympics!.   Trust us,  you're not going to miss much, even if you're trading full-time.   The values that motivate this tradition are not here on the street,  you will not get a medal for being a brave soul because you attempt to trade this market.    If you're not a full-time trader,  you are definitely not going to miss the start of something big, you might as well start thinking of a beach blanket weekend!.    Spending your time wisely and preciously does not involve this thing,  so-called a marketplace.     It's simply, brutal..there is no pursuit of excellence or a fair balance, or a joy in effort that make up some of the values of the Olympics.    It would not be surprising to see Wall Street and of course CNBC make of more of a superhero out of Brett Favre coming to New York than giving kudos to those that fight for excellence to get to and participate in Beijing..." Citius- Altius -Fortius meaning faster- higher- stronger is not this markets motto!.    Dumb and Dumber,  is more like it and it's bloody boring and has no core values left whatsoever.    Actually,  the market is like a money driven athlete, coming back time and time again only to figure out after a year you should have stayed at home.   Too many knocks on the head,  it is what every investor feels every time they put themselves back into play.    You do need a helmet,  if you step off the sidelines this summer.... this year to trade.     It's really not the markets fault,  it's the fault of all those CEO's  that had no core values that has doped this market to where it's at.    There is no friendship, no respect on this street.    There is no movement as in the Olympics,  there is only days like Thursday, over and over again...as in another triple digit decline to curb any enthusiasm garnered by recent upside.    We never consider ourselves daytraders, but when you're done trading by 10:50 am,  we'd might as well be considered such.   If you had the opportunity to play our open alert and enjoy the spike in GDP to $53+ or the ANSS to $49's in the first hour,  we'll give you a medal,  maybe even a Gold one!.   Unfortunately,  few here have the resources or enough hands to handle these quick situations.    We don't want to trade this fast and ferocious way,  but this is the hand we are dealt now.    It's definitely the old adage, "buy low, sell high",  except this summer it's done in less than an hour, rather than days or weeks.