I Can't Stand it Any Longer -- the market is driving me crazy

This market is driving me crazy. Yesterday's major moves just seem out of synch with realities. Things are not that good. The market should be heading down not up. I know market timing is an impossible thing, but once again I am drawn kicking and screaming to that one certain rule -- "I can't stand it any longer."

This market is driving me crazy.  Yesterday's major moves just seem out of synch with realities.  Things are not that good.  The market should be heading down, not up.  I know market timing is an impossible thing, but once again I am drawn kicking and screaming to that one certain rule -- "I can't stand it any longer."

As I noted in an earlier posting, the "I can't stand it any longer" is an age old market timing strategy.  I goes like this:  one holds one's shorts  if the market is going up, and longs if it is going down until it just gets more than one can take.  Sure enough, there comes a time when you give up and get out or in just before the reverse action (the one you were hoping for) happens.  

So, that's where I am today.  I hold shorts that I expected to pay out as the market came down.  But, of course it didn't go down.  Now, I am just at the point where I will sell, not being able to stand it any longer.  And, if things go as they always do, as soon as I sell, the market will drop like a rock.

 

 

 

Daniel Socolow
Daniel Socolow: President, Socolow Group. Former Director of the MacArthur Fellows Program, President of the American University of Paris, Vice President of Spelman College. BA, MA, Ph.D.

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