I still have a lot to learn, don't I? I'm more concerned that I didn't see the rally coming on my charts.
Intermittent market news on the radio which I keep on, there was mention of a rally, almost as if it was known it was likely to happen.
Little players like most of us could have done very well in retrospect. In my case, I wanted to be sure I was close to the bottom. Can't blame it on HFT and institutional traders.
Actually many stocks still seem overpriced to me compared to a year ago. Some examples, Walgreen's, Home Depot, Hewlitt Packard (I don't track tech or pharma very well).
Apple split to where I could afford some shares but is it worth it? Some stocks like a fertilizer company, RTN, are so low along with my ISP ELNK, that I'm afraid to buy in for fear they will go belly up. When RTN was at 19-20, I said to myself if it goes to 15, I'll buy in. Today it's traded around the low 11's. But farm prices and futures are so low, have to factor that in.
I don't know POMO looked it up, permanent tool of the Federal Reserve to buy or release funds to banks. Something like that. There is a Ramp LLC in Miami lol.
Wow, we've finally made it through to Friday!
"Stocks made several U-turns Thursday, eventually closing just above the break-even line. The Nasdaq and S&P 500 edged up fractionally" (from IBD). Gold'n'silver stay perched on the new levels they clawed up to last week. So this morning we've got futures seeing little change for now, w/ metals a tad down and stocks up a bit. Econ reports begin the day slow too with housing Starts, Building Permits, and Mich Sentiment. The dust is settling.
European Shares Rally After Selloff Wall Street Journal - 3 hours ago European shares bounced back on Friday, as the previous session's recovery on Wall Street helped return a semblance of calm to stock markets.