Good news, bad news is the flow …
After yesterday’s run up, this morning looked like a profit-taking day, but as I am writing this, the major indices have moved from the red to the green with some strength. Several of my positions have moved to the green as well, which means just a little bit more and I will join the profit-taking crowd.
Things are changing now. It is difficult to see what could derail this recovery in the near term, and in the long term, the issues awaiting resolution are beginning to repair. It may be a while for housing, commercial real estate (foreclosures), and the state fiscal crises to come around, but as the employment picture improves, these issues will improve as well. I see very little to stop me from making money in the world of trading. How about you?
One other note here … For those of you who have subscribed to the bearish cries of doom and gloom for the past year, I ask you – are you on board? If not, what will it take for you to get with it? What will it take for you to realize that you succumbed to the fear that the fear peddlers push?
What will it take for you to get that we, our country and economy, are on the move in one of the great economic transitions in our history – the move to the “green” economy. Energy innovation will lead the way. It will create millions of manufacturing jobs in the next three years, and it will regain us the global lead in innovation and ideas.
Think technology – the trades, the investments, and the money will be here …
Trade in the day; invest in your life …
