US Markets Closed Monday May 25, 2009
In observance of the US holiday the U.S. markets are closed on Monday May 25, 2009
I will post my market wrap video on Monday
Late Breaking News:
Sunday, May 24, 2009 10:32:14 PM EST
*(KS) SOUTH KOREA SAID NORTH KOREA HAS CONDUCTED NUCLEAR TEST; Plans to convene emergency security meeting
S&P 500 Futures are moving lower on the breaking news
Mr. Zastrow invested $240,000 in General Motors. The same General Motors that was losing billions of dollars before President Obama was elected. Violation of contract law is one thing, but maybe Mr. Zastrow wouldn’t be so upset if he had instead invested in Microsoft.
The following is a portion of an excellent posting from a poster on SlopeofHope.com. I thought that many of the perma-bears on this site could potentially benefit from it.
“The best traders are detached opportunists, not closet economists. Insistence on rational markets as a trading methodology will rarely work for very long and will always impart a bias that is counter-productive. Embrace your inner bull and heed the cliches we all know so well: Go with the flow. If you can’t beat ‘em, join ‘em. Don’t try to swim upstream. Keep the wind at your back. Insanity is doing the same thing over and over while expecting different results (Einstein, not a cliche), etc. etc.”
where is the wrap up?