Feeling Sentimental

Everyone seems to have figured out the top and the bottom of the Market lately…er wait, its the top . Its a constant reminder to me of how complex the economy is and how most everyone is dead WRONG. It’s probably why value strategies have withstood the test of time against all detractors as well. It can weather the fact that in the short term, you don’t know which direction the market is moving. Your betting on a longer term trend. The sentiment is so tough to nail down.

It’s not that you CAN’T make money right now trading. It’s just that its a bit harder. People telling you that they called being short today, will loose their arse tomorrow, and hand it all back because they probably were lucky being short in the first place. Anyone that tells you any different is probably not telling the truth. Hell, I can tell how much of a rookie I am as I wanted to be long SPY and short Oil. I couldn’t have been more wrong. Glad I am being overly cautious before putting money out there.

I am going to follow that mantra because sentiment is all over the place.