A little rain here today but still warm and warmer tomorrow.
It is Friday tomorrow so you know it's time to get those requests in. Music, books, films, sports, science it's up to you.
A friends son asked me tonight about a stock market project he has in class. I was more than eager to help! As such, I am limited on time for a meaningful post so just one general observations.
I wrote an article in November which talked about the ingrained fear of missing a V-shaped bottom. The eager rush to buy big drops was so fierce it almost never let up until after the late November massacre in stocks. Since then I think a real change has happened. Instead of a fear of missing out, a fear of the rug being pulled out from underneath has become the main go to emotion.
I saw this last night as futures were weak and plenty of "I told you so's" were pouring out about market tops. This morning it was even worse early on but by the real cash open the rug failed to be pulled.
The fast switch from aggressive to defensive is something I am not used to over the last market cycle. By late day I was getting more than a bit annoyed with the "bulls" taunting "bears" or "longs" over "shorts". I worry about MY positions and the rest is outside my ability to influence.
As is I have 3 open longs:
Obviously all did well today on such a market uptrend. It's a 3 day weekend coming up (markets closed on Monday) and while I want to go all cash and start fresh next week, I have a feeling this run higher is not quite ready to do the pull back thing.
Have a good night.