Q: How do you make a million dollars in the stock market?
A: Start with $2 million!
“I hear you dropped some money in Wall Street. Were you a bull or a bear?”
“Neither, just a plain simple ass.”
A market guru walks into a pizzeria to order a pizza. There the waiter asks him: “Should I cut it into six pieces or eight pieces?”
The guru replies: “I’m feeling rather hungry right now. You’d better cut it into eight pieces.”
Sources: various, saved over time
Toronto Stock Exchange ripped higher as American markets went down big time. Is Canada recession-proof right now? Here are two different opinions:
If the U.S. economy slows, export-driven emerging markets of Asia and Latin America and commodity-based economies such as Australia and Canada could be pressured. (MarketWatch)
On the other hand Yola Edwards, a well-respected experienced technical analyst predicts TSX above 14,300 in 2008 and up to 22,000 in 2009: click for chart. While it may seem pretty outlandish, if you factor in the inflation it very well may happen.
Typical intraday market cycle is surprisingly precise:
All times are Eastern.
9:50am – 10:10am
10:10am – 10:25am
Upswing (on a positive day)
10:25am – 10:30am
I’ll still be writing about investing basics as I see them, but if you want to learn about it in a more neutral fashion, Fool’s School is a perfect start.