Wednesday, November 5, 2008

what happened here?!

I had a very deep conviction yesterday that the bear mkt was over. The election was over. All the reasons for the stocks mkt to go down were not there any more. I strongly believed that the stocks will only be move higher and higher from now on. I even told my friends to buy as much stocks as they can, "the stock mkt will make a strong move higher" I said to a couple of friends last night, adding "put all the money you have into stocks right now!".

In my mind of minds I was calculating, multiplying my gains, the amount I will make on each position I have and what not. I even felt somewhat left out for not buying enough! The thought, that the mkt will be going up in one direction only from now on, seemed boring. I felt I would have nothing to do day in and day out.

The mkt will always surprise me.