Sunday, December 30, 2012
In a Day of Crisis: Turn OFF the Noise: WATCH the tape:
One of the stark things about Wall Street is the disparity between the TALK and the reality....If you listen to the pundits, you hear nothing but confusing difference based on their stock positions...but if you watch the actual tape, or the stock transactions, you can see what folks are actually putting up their money to buy or sell...and there is a big difference between the two.
In times of sharp volatility, such as tomorrow possibly, December 31, 2012, it is a wonderful time to try this out...just turn off your computer or tv screen to CNBC and just watch what the folks are buying or selling, and go with the flow.....I have bought a surfer poster just for the occasion so that I would not forget the lesson...Enjoy.