Knowing the trend in the market is key to making successful trades. During the bull years of 2003 - 2007, long trades succeeded a lot more times than the few bear drops. This time around the bears are having a field day almost everyday. So until further notice from the market, it's SAR time!!: "Bear Stearns Cos. shares plummeted a record 53 percent after the New York Federal Reserve and JPMorgan Chase & Co. stepped in to rescue the 85-year-old U.S. securities firm with emergency funding." - Bloomberg.com
Friday, March 14, 2008
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1 comments:
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