Wednesday, May 20, 2009

Caution

I am exercising extreme caution here. These markets are going to be choppy. Those of you that have followed our blog for a while know that I won't make a trade just for the sake of making a trade. The housing numbers have confused the markets and I am in wait and see mode. I hate to play the waiting game but I hate worse to be wrong and lose money.

We have some great interviews next week and if the markets continue to be choppy, we will continue our exploration of trading psychology.

I am convinced that we will have rampant inflation but am trying to figure the "when". I will have more on that subject in the next few days.
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