Wall Street has lost its allure? Yes? No?
Saturday, June 13th, 2009 at
6:38 pm
Are commodities and forex the IN place to trade now? On any given day the markets are static.Whether in the green or in the red shares only seem to move within a certain percentage FRAME.PUT options dont trade on bear days and CALL options dont trade on bull days
Tagged with: commodities
Filed under: Forex Street
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Heck NO! I'm seeing more stocks I want to buy than I can shake a stick at… the old axiom holds true "Buy Low, Sell High". I see an incredible number of posts on here for gold, so I'm not touching it. (Recap gold has gone from about $350/oz to almost $900/oz. and gold doesn't make more gold, or increase profits or pay dividends… its just gold.) Yet, now that its been soaring everyone wants it???
In 1999, young punks were buying tech stocks at out rageous prices and saying Warren Buffet has lost it because he was buying silver at about $4/oz. (I do believe I saw it over $16/oz. recently). An article I read, mentioned a list by a noted internet guru back in 2000, of 100 internet stocks to buy now, they are, as a group, worth about 37% of what they were worth in 2000.)
Following the allure is my greatest buy/sell signal… because "Dumb Money" follows the allure. I always do the opposite of "Dumb Money" and I do just fine thank you. Up about 20% on my "Dumb Money" buys about a week ago (a bank and a tech stock, and buyout deal- not YAHOO) when I saw the panic selling by inexperienced investors.
It sure has. YES
of course they are….
you see the equities market can me moved by huge funds….and i mean HUGE funds…but the commodities can be moved to a minor extent and the currencies track data and events across the world….
commodities and forex trading is going to be popular in the coming future..more than equities.!