Finally, some relief from the Rally!!!

The Dow seems unstoppable, and unbreakable.

If you want to get the Big Picture go: http://bigpicture.typepad.com/

Check out the stock selection dartboard at:
http://tickersense.typepad.com/

I guess it should work in this market......

Another record for the Dow, and the goldilocks crowd is happy with Uncle Ben.


Meanwhile i lost money on bad trd on AMTD.

Such is life!, What is the world coming to?? I feel like I am missing the rally

Dow 12000 ????
Well, now everyone is turning bullish...

Please tell me that someone is going to call the downside, and if so let me know where the predictions are published. If you look around, everyone is turning bullish because of the market mob mentality.

So If I want to make money, I have to study mob psychology and not the overbought conditions of the market???

Lets see what the last two weeks of October bring to our screens. By the looks of most charts, this month is going to be a big winner....

Well, what do you know? The market rallied today and I lost money....
For example I was long yhoo and short msft and intc.

Great, I am always applying buy high and sell low....

I certainly took a bath on RMBS when I sold it at 11.....

Just another market loser ranting about trying to play with the big boys and getting stomped on...

Well, the end is near, everybody is waiting for the bust, but I am starting to sincerely doubt its coming....

It is a well known fact that October is the favorite month of the year in which Mr. Market likes to crash...

The problem now is that there is such a high flow of information that everybody has it figured it out already.... However, most market crashes have not been as announced or anticipated as this one. A bull might say that if people could anticipate a bust, then there would be no market crashes.... Has the internet changed all these facts, or is it different this time???

Today I came across a really good blog post: TELL ME SOMETHING I DO NOT KNOW....
http://powerswings.com/2006/09/26/tell-me-something-i-dont-know/

There are so many blogs talking about the stock market simply massaging information and presenting it in a more confusing manner, that if an alien from outer space came and looked through the blogsphere, he would think that everybody is trading stocks......

I wish I could predict the next market crash if it is coming, or maybe I should go and buy tech and large caps and make money through the end of the year....

Act on your ideas, and do not let anyone tell you what you can or cannot do.....

Getting technical??? http://www.quicktakespro.com/

It would seem like based on a cycle there would be a low on October, but the market has shown that price talks and analysis walks by being very resiliant on a lingering Bearish feeling

Well, we have a record now.... So what is in store??


No real follow through, just choppy action all over the place, plus some people commenting that the shorts are pushing the Dow up.... The Nasdaq going up 2.1% .

I just have a question for the pundits.. Is this for real??

some wobble head might answer BOO YAH!

and some other talking head would say: Go for large CAPS!

I guess is time to set up your own hedge fund :) http://www.moneyscience.org/tiki/tiki-read_article.php?articleId=108

From SFO Mag:

Blogs rule!!!


What to Look For in a BlogThe ease with which blogs can be published has also meant that there are many poor-quality blogs out there. Here are some of the features that distinguish the valuable blogs from the filler:• Frequent updating – A blog is both a journal entry and a participation in a community. The most valuable blogs, on average, will be those that stay on top of the markets and post actively. As a result, such blogs build up large archives of timely and useful market information. • Unique content – The best blogs offer perspectives on the market that cannot be found elsewhere. This can be achieved in many ways. The Big Picture blog, offered by Barry Ritholtz (http://bigpicture.typepad.com), draws upon his distinctive perspectives as a money manager. John Mauldin’s popular blog, Thoughts From the Frontline(www.frontlinethoughts.com), offers in-depth analyses of trends in the economy and the markets. Adam Warner’s Daily Options Report blog (http://adamsoptions.blogspot.com) covers markets and indicators not often on traders’ radar. The excellent CXO Advisory blog (http://www.cxoadvisory.com/blog), my own TraderFeed blog(www.traderfeed.blogspot.com) and the Ticker Sense site (http://tickersense.typepad.com) offer original market research. • Actionable content – The content of the best blogs is practical, useable information that day traders can apply immediately. There are several excellent stock-picking blogs, including Trader Mike’s watchlists (www.tradermike.net), Declan Fallond’s Stock Picks (http://blog.fallondpicks.com), and Jon Tait’s Fickle Trader (www.fickletrader.blogspot.com). The Alpha Trends blog (http://themoneyblogs.tradingmarkets.com/alphatrends) utilizes video to capture the technical condition of the market; Jim Wyckoff’s blog (http://www.traderblog.com) summarizes developments across markets and their implications. My trading psychology weblog (www.brettsteenbarger.com/weblog.htm) covers unique market indicators each day to give day traders a sense for whether markets are strengthening or weakening.• Useful links – Few blog writers are as creative in finding interesting and useful market material across the web as Charles Kirk (www.thekirkreport.com). I find the links posted by the Abnormal Returns site (http://abnormalreturns.wordpress.com) to be of particularly high quality. The Big Picture (http://bigpicture.typepad.com) not only links to interesting features, but typically comments on them at length. I find these links to be important stimuli for brainstorming market perspectives.• Modeling – Because trading blogs are typically written by traders for traders, they are often quite powerful in modeling how experienced traders think about the markets. Charles Kirk (www.thekirkreport.com) keeps his trading journal online; Jon Tait (www.fickletrader.blogspot.com) puts his market homework on his blog. Trader Mike (www.tradermike.net) posts annotated charts that capture his thinking about stocks. This aspect of blogs is particularly useful for new day traders who are just beginning to develop their own trading styles. In general, the best blogs come up with fresh, relevant material on a regular basis. The worst blogs are thin veneers for advertising and self-promotion or forums for the author’s rants. As a rule, the best blogs tend to link to other good blogs, which helps traders quickly identify promising resources. If you trace the links to your favorite blog in Technorati, you’re almost certain to find other useful sites.

10 geek thoughts for the weekend
http://rondam.blogspot.com/2006/10/top-ten-geek-business-myths.html

Now on a positive note: Lets see what October has for us little investors:

From wikipedia.org

Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell 22.6%. The Black Monday one-day decline was not confined to the United States but was mirrored all over the world. By the end of October, stock markets in Australia had fallen 41.8%, Canada 22.5%, Hong Kong 45.8%, and the United Kingdom 26.4%.
(The terms Black Monday and Black Tuesday are also applied to October 28 and 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.)
The Black Monday decline was the second largest one-day percentage decline in stock market history. The largest one occurred on Saturday, December 12, 1914, when the DJIA fell 24.39%. However, in that case, the New York market had been closed since July due to the outbreak of WW I. The greatest point loss in DJIA history was on Monday, September 17, 2001, 684.81 points, six days after the terrorist attack on NYC.
A certain degree of mystery is associated with the 1987 crash. Many have noted that no major news or events occurred prior to the Monday of the crash, the decline seeming to have come from nowhere. Important assumptions concerning human rationality, the efficient market hypothesis, and economic equilibrium were brought into question by the event. Debate as to the cause of the crash still continues many years after the event, with no firm conclusions reached.