Wednesday, July 13, 2011

$SPY Thoughts and Big Ben

I sold my $SPY just after the open because I was worried what Bernanke might say. I figured the market would move a buck in either direction. Why risk the gains?

So I booked 'em, the market fell back close to flat but then Big Ben came on the scene and the buck move was up! Drat! Should have hit the snooze button one more time and I'd have another buck!

But there's no second guessing. A profit is a profit, and now I'm back to lots of cash waiting for the next game of chance - er, investment.

As I type, the market has slid and we are back near where I sold this morning.

Volatility, baby. Trade it, trade it, trade it.

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