Dear Trading Diary: While timing certainly is not everything – as the popular saying goes – it is an essential element of a successful trading career. Not so much in investing as shares are usually bought with 100% cash and many investors can withstand a
“Well, here’s another nice mess you’ve gotten me into!” These immortal words of Laurel and Hardy come to mind as we are gripped by the financial earthquakes caused by the new UK government’s tax-cutting and a smaller state revolution – and the extremely violent reaction
Well, the growing chorus of MSM pundits seem to think it a real possibility. For instance, one I spotted has the headline: “Pound risks dollar parity after worst month in six years.” If achieved, that would be another 10% fall from the current 1,15 on
When will they ever learn? The MSM financial journalists, I mean. The BoE hiked their interest rate by the expected 0.5% on Thursday. Conventional pundits who believe it is the news that drives the markets were totally flabbergasted by the market’s negative reaction to that
My bottom line: GOLD/SILVER – Bearish US DOLLAR – Bearish STOCKS – Bearish T-BONDS – Bearish In August. I posted two major comments on gold/silver with these headings: Gold is hot – should you buy? Is it time to add gold to your portfolio? I
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note – and vice versa. Experience and history
Last time, I told how I managed to nail a Dow high on Monday 4 March around the 26,000 region but was not sure if this was the start of the long-anticipated wave 3 down. Recall there was a large non-confirmation in the two senior
