Thursday, May 17, 2007

Sell Your losers

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So much noise with the markets right now....bright people scratching their heads...how can this be? How can the market go higher?? If you watch the tape as it trades higher each day the losers will start to fad and the smart money will go with the best performing relative strength. The investors who hang on lose out and it can be months or years for a stock to find its upward momentum again....especially smaller or mid cap companies...when the hot money leaves them..they can go flat forever it seems...

All the media continues to focus on election/ debates, Iraq, Hamas, housing, taxes and Bush. CNBC calls all this a bubble...everyone looks short term.... The Stock Market is now back to were it was seven years ago.....hard to believe but true...the global economy much less the USA is materially stronger and better run especially all things Asia. This is the story and no one is talking about it....additionally demand for oil is coming in three times faster than projected at the start of the year...imagine that....

The surprise in everything remains to the upside.

Danny Boy seen here scratching his back is pretty happy right now. He is getting much stronger and coordinated.