Wednesday, March 19, 2014

Market Sells Off on Yellen

Wow, the markets have sold off mightily on Fed’s Yellen’s comments. $SPY

The pain! The pain!

Well, it’s been a nice run.  We are getting closer and closer to the summer season, where stocks tend to have a correction. Especially in non-presidential election years.  Last week, I thought Russia and China were the catalysts, but maybe it’s Yellen.

Or maybe not.  Maybe the market rebounds before I hit submit on this blog entry.  That’s the way it’s gone lately!

My longs from Thurs-Fri giving much of Mon-Tues gains back today.  Shoulda-Coulda-Woulda sold!  Lessons learned?  Don’t blink in this market!

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