The Grass is Always Greener...

[tsptalk]

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Lately it seems, everytime I get something in the stockfunds the markets start getting slammed and I run away. Then when I'm outI look for reasons to get back in. The grass sure seemsgreener on the other side.

I'm trying to read into this rebounding action this morning.We've gained back almost half of yesterday's losses. The question is will it follow through or will selling kick in again?

I hear the interest rate futures prices are indicating about a 50% chance Greenspan will raise rates at next week's meeting. 50%? That means whatever he does, half the speculators will be surprised. That's could mean awild swing one way or the other once the announcement is made. You may want to decide which side of the fence you want to be on nextTuesday.

 

[JerBer]

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Hopefully on the side with the greenest grass!!

JerBer

 

[JerBer]

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By the way..... does anybody know how the F fund did today :shock:??

JerBer

 

[tsptalk]

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My guess is down .02 - .03.

Looks like it was -.04

 

[Rolo]

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tsptalk wrote:

Lately it seems, everytime I get something in the stockfunds the markets start getting slammed and I run away. Then when I'm outI look for reasons to get back in. The grass sure seemsgreener on the other side.

hehe omg, That is so true for me. I have not changed any of my funds over the past four months, other than dropping a couple that shifted from "last year's greats to this year's has-been's".

My "stick-with-it" in stock-trading beat the crap out of me this past week. I guess that nagging in the back of my mind, "stay in cash until this all settles and it is confirmed" was not fear, but instinct.The costly lessons are the ones that stick the best!

If the announcement of the announcement about interest rates did so much damage, I wonder what the actual announcement would do?

It is like this: The weather forecast today is 60% chance of rain. If I wash my car, it will rain. If I do not wash my car, it will not rain. So, I should wash my car anyway and just dry it offafter I return from driving in the rain. If I sell my stocks, the news will be wonderful and I would have missed a gap up. If I hold my stocks, they will fall another 10% like they did last week. No microfiber towel can bail me out of that one, though.

 

[tsptalk]

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Rolo wrote:

If the announcement of the announcement about interest rates did so much damage, I wonder what the actual announcement would do?

I had thought it was 50-50 whether rates will be raised but I just read that it is not likely he will raise them Tuesday.So, if he does, it could be bad.If he doesn't ???.

Personally I think whatever he does it will trigger a rally before the week is up. I'll elaborate on thatin Monday's comments.