Courtesy of Read the Ticker.
2017 is near end, and the Dow Jones enters a massive sugar high only seen 4 times before in 200 years.
The easy money has been made, greed is the fundamental driver now. Smart money will be doing all the can to keep it, hedge it, raise cash, maintain only the best in their portfolios.
All this while interest rates creep higher while the debts from the recent credit boom are massive.
Investing Quotes…
.."Nothing new ever occurs in the business of speculating or investing in securities and commodities."..
Jesse Livernore Trading Rule
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
…“To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”…
Martin Zweig
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…
Bernard Baruch
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
