Saturday, February 7, 2009

Two sides, two opinions - we'll make profits both ways

Stock market Bulls are thumping their chests, convinced we’ve reached a turning point for the economy.

With interest rates low, … bailouts, stimulus packages , recovery is almost here. And since the market always moves up ahead the economy, the time to buy is now.

But the Bears are equally convinced that we haven’t seen the worst — for the economy or the market — just quite yet.
They point to soaring job losses, corporate profits falling like a rock and sour consumer confidence as proof that now is not the time to buy.

Frankly, I don’t know which side is right, and I don’t care.

The diversity of opinions — coupled with all the uncertainty about the economy — virtually guarantees continued volatility in the stock market.

And I will trade the volatility on both sides of the market to make myself — and members of my services — a whole lot richer.

1 comment:

rajiv malik said...

well said hitesh......as a trader it is prudent to take advantage of the volatility to the maximum.......i appreciate your views very much....

rajivhtc@gmail.com