I think people look at the market completely wrong.
Because we get so consumed by these big indicators, the Dow or the S&P or the Nasdaq, we talk about the big "M" Market as either being a "Bear Market" or a "Bull Market."
And you've probably heard recently that we're in one of the longest Bull Markets in a gazillion years.
In a sense, that's completely true. I mean the general momentum of the market has been positive for most of the last decade.
But that's a macro view of the market.
I'm a macro guy so I get it. I have no problem with taking that view at times. But we have to be willing to go deeper as well.
The micro view of the market is very different. The micro view is also much more important for the day to day reality of trading.
A micro view of the market recognizes that every single day, whether we're in the greatest bull market in history or deep inside the great depression, every single day is a battle between bulls and bears.
And yes, a lot of times one side is clearly winning the battle.
But both sides are always present, always trying to drag the market in one direction or another.
Take today as an example:
The Nasdaq was down almost 25 points, not terrible, but not a positive day.
And yet, Overstock, a Nasdaq composite stock, is up over 11 percent.
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