Jan

25

Headlines, from Duncan Coker

January 25, 2013 |

There are many headline numbers on the horizon. SP500 cash crossed 1500 yesterday, Dow is a just a couple of good days from 14000 and all time high of 14165, same is true for the DAX 8000 and all time high shortly after. Nikkei admittedly has a little way to go to get back to 38916 ( in 1989), but some impressive moves of late.

Headline numbers usually are a contrary indicator. But one of the worst feelings I found in trading is having to read constantly news that goes against ones position, making shorting stocks now all the more perilous. Also a good reason not to read what is touted as financial news.


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