In an environment like today, you can't help wonder how foolish human beings are. For the last three days, the bulls pushed the market up in their erroneous belief that just because the Fed didn't place its main emphasis on the credit crunch, the whole subprime thing is nothing but a minor nuissance. Today, they were proven wrong (yet again!). The Fed never stated that the subprime fallout was a nonissue, nor did they minimize its potential spillover into the rest of the economy. Going forward, the market will very likely take another blow. I think it's apt to say (to borrow the phrase of others who came before me), "it's time for an in-ure-face whack-the-mole time!"
For those who missed the real action during the 2000-02 bear market, here's a brief refresher that neatly sums up the current environment. Check it out!
It just shows that not everyone was cut out for trading. Theatrics? They've had their theatrics when the market rose for the last 18-plus months. Betcha most of them thought they were born-again geniuses made to perfection. After hearing so many braggadocios who made the same claim back in the late '90s, only to end up in the skid row when the market crashed, I'm not at all surprised.
All in my opinion of course.
BTW, what's the need for anyone to STFU in a time like this? I'm having a ball.
Market chaos is a good thing, it's natures way of eliminating the weak links. I bet we don't see these so called guru's wagging their tongues so much after this all plays out. Everyone has their anecdote, and these youtube pundits are no different. What a bargain $199 a month, for a system that most Stockfetcher participants have already created and performs better. Having been on Niko's board for a few days, I can say that the participants in the forum were very skilled at what they do. 13th you are lightening in a bottle, excellent trades. Karen you have a knack of finding stocks on the decline, I know you cleaned up this past week. Swarmi your system is legendary. I say we give it another try the forum. This past week was exhausting for most traders, and that is the reason for a poor showing in the forum. Most traders were monitoring their trades very closely, not allowing a loss or profit to slip away. Lets not let a good thing slip away. Bob
summer:
yes, niko's forum was fun.
after niko shut down his chat, I went to muddy's, but I must say, I enjoyed our small group. Plus, it was a "part-time" group. Muddy's chat is opened all day.
One thing I noticed .. EVERYONE is doing something different.
Eventho' we post our picks, everyone seems to be doing their own thing .. "scalping", I guess.
I generally don't trade someone else's picks because my own plays are already set in the morning or the day before.
Nevertheless, it was amazing to see all the stocks posted that never hit my radar.
Oh my ...!
So many stocks, so little time ... and too few computer monitors!
What a dilemma!
LOL!
Karen, the chat room was never "shut down". It's still there. So make use of it should you wish. I'll be there from time to time to check if you don't burn the house down (stock market, that is). ;)
*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.