March 13, 2008

Market Comments Submitted by Nick at Ambitions as a Stock Trader

By admin

Submitted by My Ambitions as a Trader and Investor

Very Confusing Market…

This has to be the most confusing market environment ever! What is even more surprising is S&P proclaiming that we may already be at the end of the sub prime crisis. The market action is also starting to get very volatile. Earlier in the day, the DJIA was down over 200 points. Now it is getting very close to penetrating positive territory. I don’t know whether to commit more funds to the long side or the short. My instinct is telling me to just sit on the sidelines and see what happens. For now, I am not adding more to any of my positions and I am not making any new trades. I’ll work with what I have for now until the future trend becomes more clear.

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