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Thursday, January 06, 2005

Not So Easy

GamblingSome markets are easy to trade. Others, well, not so much. It doesn't take a genius to see that we are not in an easy environment to coin money. In other words, we're probably back to normal after the election and holiday ramp that made all of us a little too spoiled for our own good.

Tomorrow's jobs report is going to be closely watched, not because it holds any real significance, but because investors always have an incredible desire to be given a clear sign of what to do. Like a herd of sheep, they need something to suggest it is time to buy.

Today was all about positioning ahead of that number, and unless you're clairvoyant, making any bold trades is more akin to gambling, than skilled trading. I'm sure there are strategies in which you could profit no matter what happens, but I'm not smart enough to figure them out.

In the end, after four days of work, I'm going to power down and have some fun this evening after working out. I hope you manage to do the same. How are your new year's resolutions coming along?

Posted by Kirk at 4:20 PM in Analysis | Bookmark | Feeds | Link |


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