Thursday, March 29, 2012

One of those days...

This is the kind of day that tries a trader's soul.

The day opens with a sharp decline, and then rebounds, but in a sickly manner.

The financial media's narratives of the day make little sense: Down on worries about Europe's economy. Or China's. Or Colony Newt's on Mars. Or weekly jobless claims.

The new additions to Zack's top-buy list are headlined by AAPL, which everyone loves, me included, but the other 15 stocks have charts that I wouldn't wish on my worst enemy.

Basically, it's one of those days when I look at the charts, throw up my arms, and walk away through the rain to my favorite coffee haunt in Portland, Oregon's Hollywood District, to drink some fine brew, check out the new art, listen to some good sounds, thumb through the socialist newspapers on a stand near the cash register, and watch other people doing the same.

There is no point whatsoever in trying to make sense of a market when it is one of those days. And so I won't. Till tomorrow!

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