General musings from someone in over their head
These last two weeks have been a bit of a roller coaster, in relation to the market. After two great buys last week, the market decided to make things interesting by going topsy-turvy in the first half. It looks like Fed head Jerome Powell’s talk today brightened everyone’s outlook and brought the market back up….
As most of you know by know, there has been a great disturbance in the force. And by “force”, I mean the stock market. On January 22, 2021, members of a then-relatively unknown subreddit called “WallStreetBets” (WSB) came out en force, with their eyes on undermining a massive short position in place by Melvin Capital,…
Last week highlights one of the big problems with combining swing trading and computers; sudden, “unaccounted for” changes, i.e. “corrections”. There’s no way to predict how people will react to news, across the board. Sure, if a company posts earnings above expectations, the stock will go up. If politics sour between the US and China,…