Messages of markets

Trite and cliched though they are, extreme contrarian positions are frequently touted as the way to mega investment success.  Buy when there is blood on the Street, buy the rumor, buy the dips and likewise,  sell happy news, sell the dips etc.  Whether you do the buying with stops, with put sales and/or call purchases, the spikes in volatility and increased program trading has meant that, in recent years these are quite hard to time. I have to remind myself that loads of patience is the order of the day as I look at the red this morning and wonder whether and when to cover.


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