UC San Diego’s Geisel Library, h/t sandiegomagazine.com
“You will come to a place where the streets are not marked.
Some windows are lighted. But mostly they’re darked.
A place you could sprain both your elbow and chin!
Do you dare stay out? Do you dare go in?
How much can you lose? How much can you win?
And IF you go in, should you turn left or right…
or right-and-three-quarters? Or, maybe, not quite?
Or go around back and sneak in from behind?
Simple it’s not, I’m afraid you will find,
for a mind-maker-upper to make up his mind.”
— Dr. Seuss, Oh The Places You’ll Go!
h/t Yahoo Finance
adjective: jobsmacked; adjective: job-smacked
Economists and markets utterly astonished; astounded by skyrocketing U.S. initial jobless claims data
This morning’s release of weekly initial jobless claims, by the Department of Labor, was double economists’ estimates.
The pre-market no likey.
Reaction to seeing the coming jobs data,
“You’re gonna need a bigger boat.”
— Jaws (1975)
Initial jobless claims and recessions
When they look back to add the shading for this widespread economic downturn, they should make it a darker shade of gray.
The other recessions were mere minnows.
But know that the seas will calm and the sun will shine again, at some point.
Be kind, compassionate, patient, and positive.
“Bull markets try to take few along for the ride. Bear markets try to claim as many victims as possible.”
— Wall Street adage
A woman in front of electronic stock board in Tokyo, from January, 2020, h/t AP Photo/Koji Sasahara
“Traders should study the markets, not the virus.”
— Walter Deemer, @WalterDeemer
“Embrace selloffs because that’s when the market gives you its best clues.”
— Joseph Fahmy, @jfahmy
Keeping your eyes open to developing divergence between the action of individual stocks and the market can provide powerful information.
If a stock is holding up well while all around are down sharply, that tells you something good.
Power Plate, h/t pcrm.org
“When the market sells off on fears of a global pandemic it’s not considered a ‘healthy correction.'”
— StockCats, @StockCats
Speaking of healthy: Eating the whole-food, plant-based way helps boost your immune system to prevent and reverse many illnesses. Check out one of our favorite nonprofits, The Physician’s Committee for Responsible Medicine, for more info.
To your health,
“There is only one side of the market and it is not the bull side or the bear side, but the right side.”
— Jesse Livermore
“Buying the dip or buying a breakout usually works the best when the majority think it’s a bad idea.”
— Steve Burns, @SJosephBurns
“The first principle is that you must not fool yourself and you are the easiest person to fool.”
— Richard P. Feynman
For successful speculation, traders say, “Yes” to knowledge, courage, discipline, and hard work.
“No” to emotion.
Good luck in your trading.