I was traveling all day weds and got stopped out of my short positions when s&p went above 930. I will back tonight and plan on spending a lot of time looking over things this weekend so expect a big article then.
First off airline stocks dipped yesterday and I got a flood of emails from people saying should they sell? Should they buy? Should they double down etc.
I cannot tell you individually what to do. I'm not a registered investment advisor and can only give advice very generally - that applies to me and everyone else so it can't be tailored to your own personal situation.
Chaos and uncertainty rule in this market. People are scared and are in a panic. I'm sure you feel it yourself, especially if you have 401K's or other long-term investments in the stock market.
On Thursday the DOW fell over 300 points. I made a killing on my short stock trading positions, but gold stocks fell hard too. Luckily I got stopped out for a small loss the day before, but nonetheless I don't like seeing gold and commodities drop at all here.
From its July intraday low to its October 9, 2007 intraday high the DOW has fallen 20.5%. A lot of commentators on television and the Internet are making note of the fact that the DOW is down 20% and saying that this is "bear market territory." Some are saying that this means it is the time to buy, while others are saying this is proof that we are now in a bear market.
It has been almost ten full months now since the Fed first lowered interest rates. If you remember at first there was a lot excitement over the Fed cuts. The DOW and Nasdaq rallied to new 52-week highs a few weeks after the first rate cut in September.
On May 24, 2008 I filmed a series of videos about the bear market. I have been posting them every few days since then, but am posting all of them on this page so you can find them in one place.
Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.
After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.
Now I cannot promise you that every stock I find will go up in value. I can’t promise you endless 100% returns as others claim they do and as all the disclaimers say past performance does not necessarily predict future performance and you can lose all of your money in the stock market.
This is reality.
What I can promise you is my dedication to doing the best I can for you.
You see the key to making money over the long-run in the stock market is to manage your risk. Once you sign up to my newsletter I’ll send you a series of educational videos and writings showing you how I use stop-loss orders to cut any potential losses and how I use my two fold formula system that combines fundamental and technical analysis to pick stocks. My goal is to risk one dollar to try to make at least three dollars in my trades by looking for stocks that are priced cheaply on a valuation basis, have high earnings growth, and have excellent chart patterns.
So join my list below and let me help guide you on your journey in the stock market.
![[Most Recent Gold Stock Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
