Posted 22 January 2010 - 04:17 PM
I was looking up that quote because it is one of the great Wall-Street sayings that gives me a laugh every time I hear it. The pundits and visiting shills on CNBC are great at this punchline even as everyone's portfolio is getting punched out.
Anyway, I looked up that quote on Google to see what popped up and this popped up:
It's a market of stocks...
Probably shouldn't pick on this guy, but I can't resist... Let's see how this came out (the green line is when this ding-dong posted this, the red line is the first major break in the NYSI after the 11/9 market up turn in the NYSI). Yeah, it's a market of stocks alright, but you BETTER WATCH OUT FOR THE MARKET!
http://stockcharts.c...3203&r=7416.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
