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Markets Ups and Downs
As we all know, the markets have not been much of a friendly place to associate with these past few months. Either as a day trader, swing trader or an investor, it seemed like we were all on pins and needles not knowing what was going to happen from one day to the next. We dealt with TARP Funds, Government bailouts, Ponzi schemes, gut-wrenching credit tightening financial institutions and simply put, the dreaded 'unknown' factors that combined with Wall Street, tend to make things just a bit creepy.
The long brutally cold winter and massive history making snow fall in the northern part of the county to historically low temperatures in Florida which led to the demise of many land and sea creatures not accustomed to the bitter cold that went on for days on end.
So here we are, Easter is behind us which tends to be the start of the spring season, setting the country in motion to put our harsh winter behind us. Difficult as it might be, Wall Street has not begun to spring into motion, as of yet. Trading volume remains light and its evident that cautious investors are still hanging onto the sidelines, not yet knowing if its safe to come out of their cave and delve into the markets which have been steadily rising.
You may ask yourself if it is time to take the plunge back into the markets whether it be day trading, swing trading or investing well... there's no time like the present. We've begun the second quarter of the year and earnings season is upon us, once again. Overall, earnings released during the first quarter weren't all that bad. Many stocks have already hit new 52 week or record highs.
Play it safe. Don't dive in without your life jackets, use caution and do your research before you buy. For those of you who day trade or swing trade, do a little paper trading or demo trading but, its safe to come back into the water. It takes time to develop a successful trading strategy. No matter how good the stock, futures or forex trading service is, it all boils down to you pulling the trigger. Unless you have a funds manager, you remain responsible for your own trading activity and as long as you are in control of your buy, sell or short selling orders there is no one but yourself to hold accountable for the trading actions you partake in.
While unemployment rates remain high, things are slowly starting to turn around. Unemployment rates will slowly start to fall and you certainly don't want to get back into the swing of Wall Street, half-way running. We've all had our shares of the downs over the past year or so but, the tide is turning. Even though the struggle may not be over, it looks like we made it through the night.
April 2010
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