This chart is from a week ago. 10-year returns still aren’t impressing me at all. This is why it’s important to time the market. The trick is not to get caught up in its micro-moves.
Click to enlarge
Oh and (SPY: 246.88 -0.09%) has a baddish candle today. I will generously give it another week, then it has to correct (for future reference, closed at $184.91).
(GOOG: 972.92 +0.49%)
Is this a no-brainer or deceptively obvious?
Factors pro shorting:
- Open gap up
- Week volume on the ascent
- Strong Rising Wedge pattern (bearish)
Stochastics and MACD are also drooping slightly.
… at least while we’re shopping.
In the study, published in the Journal of Consumer Psychology, researchers from the University of Michigan carried out three experiments to investigate whether shopping restored a sense of control in people to counter feelings of sadness. Shopping was up to 40 times more effective at giving people a sense of control, and they were three times less sad compared to those who only browsed.
The study was carried out at the same university that issues the monthly Consumer Sentiment Index 🙂
For years we’ve been fed the “shopping is an addiction” line. What a change of errr… sentiment.
Source: Say buy buy to the blues: Picking goods and paying for them really does banish sadness, says a study into retail therapy
It’s that time of year again,… time to pull the hair out trying to find just the right gifts for my clients, and to sign cards with meaningful messages. In my search for gift ideas I came across this essay by Ralph Waldo Emerson (yep, lived and died in 1800’s), called “Gifts”. The very first sentence amazed me in a way we’re usually surprised to find that people in the past had lived through, and felt similar things as we are:
It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay, and ought to go into chancery, and be sold.
Everything happens in cycles within cycles, and humanity keeps on ticking. We keep on living. That is my gift to you for the holidays 🙂 – hope that no matter how crazy things seem right now, know that you will prevail.
~ Happy Holidays ~
P.S. Still accepting suggestions for business gift ideas
This is a non-affiliate link, just sharing a tip, wink wink.
I’ve mentioned Harriman House before. They sell trading and investing books, and today they’re having a mad sale: 12 offers in 12 hours, 1 book per hour.
They’re offering well-known titles at, like, $5 for the eBook version.
Winter Sale link