Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
Saturday, May 29, 2010
May Closes at Almost 8% Loss, Worst for the Month Since 1962
Stocks closed out their worst May since 1962 by sliding again on more unsettling news about Europe. The Dow Jones industrials were down by about 50 points Friday after Spain suffered the second downgrade of its credit rating in a month.
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