Market Comments Submitted by Nick at Ambitions as a Stock Trader
Submitted by My Ambitions as a Trader and Investor
Treading Lightly…
Since everyone and their mother is expecting the Fed to cut rates by half a point, I’ve decided to sit on the sidelines. Although I still have a few holdings (AUXL and IMAX are recent additions), I am not buying anything else until I see some strength in the market. The only good thing that I see is that the markets have retreated a bit due to some selling before the news. This shows that traders and investors are a bit cautious. This to me is positive. I would have been more concerned if the markets rallied right up to the decision. This would show too much optimism from the crowd. In my opinion, an absurdly high amount of optimism in the face of uncertainty is the perfect recipe for disaster.
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