LeveneOMurray's Blog : Whats Next?

Lol, stop watching CNBC! Just kidding. I don't know of anyone who is able to successfully invest based on daily economic reports and news. I think it's best to put on a longer term perspective cap and compare current times with historic times, because one thing that one can never know for certain is exactly what is priced into the market. One can assume that all available news and short term prediction is efficiently priced in, and in some cases not, but what is more important is how the market responds to reports and news. I think the most likely outcome is a retest of the highs of last year sometime in the distant future, but near term, I would expect more shakeout. In this market I am only buying the lows, just my choice, but other than that I could short the highs, I am just looking at the oversold nature of it at this time.

Thanks for the joke but on a serious note, traders are benefiting from this market by a set of stocks in both directions - up and down. Look at Big Lots yesterday, it open at 17 went up to 18 with a low 16 before closing at 16.28. Please be reminded that the movement of stock price is solely caused by demand and supply - buying and selling pressures and not trends.