Tuesday, December 2, 2014

The Happy Season

It is the happy season in the markets when the uptrend is sold to the public anew, or the downtrends are offered tantalizingly as value.

It is wise to be careful this time of year if you are a trader. If you are an investor you can look forward to the next year and see what changes are in store. The first weeks of a new year are a time of changes in sentiment as investors re-evaluate where they are, and where they expect to be in the coming year. Volatility usually rises.

Here is a chart from today. The averages remind me of "churn".


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