Despite continued bullishness by the herd, June has seen a disturbing market breakdown, imho. In early June the S&P first dipped from 3230 to 2996. It rallied to 3150 and fell back to 3050. Rallied for the third time, again from 3150 and then dipped back to current 3020 level.
Of course there is always a bull market somewhere and some point out the lost opportunity cost by not playing the speculative winners.
@stoolpresident and others are good at trading the stocks du jour - the shiny objects that often fall back to earth leaving many, as was the
@stoolpresident and others are good at trading the stocks du jour - the shiny objects that often fall back to earth leaving many, as was the
case at the end of the dotcom boom.
Some don't trade spec stocks, because they do not fall in their "investable" universe - just as those speculators don't trade $MSFT and $AMZN!
Neither is wrong in process/methodology - they simply operate differently.
Some don't trade spec stocks, because they do not fall in their "investable" universe - just as those speculators don't trade $MSFT and $AMZN!
Neither is wrong in process/methodology - they simply operate differently.
Most large caps are rolling over.
'Sell In June and Avoid The Swoon' @realmoney on Monday. @jimcramer @tomkeene @cnbcfastmoney @SquawkCNBC @riskreversal @ScottWapnerCNBC @carlquintanilla @threadreaderapp unroll
'Sell In June and Avoid The Swoon' @realmoney on Monday. @jimcramer @tomkeene @cnbcfastmoney @SquawkCNBC @riskreversal @ScottWapnerCNBC @carlquintanilla @threadreaderapp unroll
