I am not a trader. Despite the contrary statistics I read about regarding the % of daytraders who are consistently profitable, my own anectdotal experience is that I do not know one trader who has not puked as much and typically more than he has gorged, and on top of that, he has to deal with incredible tax inefficiencies. I am not saying the consistent, profitable, tax-efficient trader doesn't exist - I'm just saying I haven't found any. And I'm not talking about a 2 or 4 year horizon. I'm talking a 5 or 10 or 15 year one. Every single person I know who was once an apostle of trading has sworn off it. That's just my anecdotal experience. So, it's not a zero sum game. If you find yourself profitable, and I chose not to trade the same markets you did, and could have matched your performance, it's not as if I lose, especially if I have greater confidence investing in tangible, income producing assets, which is definitely the case. You and I have different inflection points - I'm totally focused on the real economy, as that provides me the customers who pay me revenue, which only happens when their business models are working, and you are often trading headlines and charts on things sometimes short term blissfully ignorant of economic fundamentals.
Ya know I was about to cut you tons of slack and empathize with your yesteryear business model until you got cocky and wrote that. Oh..the Irony Bylo: "Headlines; trade them or be late to the party and be uninformed."
Yesterday business models? LMAO!!! You sound JUST like some top government officials when they're addressing Congress. ...no mention of jobs, wages, etc. It's the 'new economy,' and it's going to be a beautiful, green one, with windmills and solar cells, and people taking two hour lunchs and siestas afterwards. Jobs and wages? What?
These bank stocks are running higher so they can do some offerings to raise capital. Going to be one hell of volatile market Friday morning after the stress test are announced.
I'm guessing that SellhyBylo goes all in at SPX 1000 and forswears any and all family money losing RE business that seems to be blowing up in his face.
Rude crude and Gold and Metals going much higher....But of course this is a "depression." The likes of which ye have never seen.!!!
Copper, steel, Silver and beans all going higher. Yet ALL the unemployeement measures are coming in. Swaps, agencies, mortgages, all coming in. ISM (both of of them) are bouncing. SellHy...you know nothing.