Trading Curbs are for Wimps and I long for the Old Days

I mentioned earlier that Trading Curbs suck. Slows down the panic process and it’s like training wheels for idiots using leverage.

If the Dow needs to drop 3,000 points to shake out weak hands, let it. If I am eating lunch…I don’t want to know. I don’t trust the other idiots in the market and the media. They MILK. The SQUEEZE drama. They prolong pain.

The other thing about the old days was panic was easier to game in a US Centric Global market. After a day like today, Japan would get whacked, the US futures would open limit down and you would make money buying that. Now, the market can bottom overnight in China and the US futures can open strong. Just one more thing we handed to the Chinese.

BTW – Just went to my fave Chinese Food Haunt. As I suspected, the SPOT Wonton Soup market is on fire.

3 comments

  2. Pingback: Andy Swan · Aren’t You Glad The Market Has Training Wheels?
  3. Chris LaBossiere says:

    I am pleased as punch. Commodity based economies like our Canuck one, got hammered today, and the CDN Dollar is actually DOWN versus the USD. Good for a company like ours that gets paid in USD.

    Like I have said in a in a tight golf match. “Every golf shot pleases somebody”.

    The same can be said about corrections like today.

Comments are closed.