Since Amazon’s ($AMZN) web hosting services went down early last Thursday morning, much cautionary ink has been spilled regarding the viability of the cloud. The news media loves to jump on a negative story in a hot area and amplify the dangers. But Amazon’s now widely reported storage problems which left many web sites…
I received an email today from a trader who has been struggling to stick to his stop exit plan once he is in the trade even though it is well planned ahead of entry to the trade. His struggle is causing him significant anguish. This was my response:
I have seen so many outrageous predictions in my day. The $DJIA is going to 36,000. The $DJIA is going to 3,600. $GLD is going to 5,000. $GLD is going to $500. I especially note those which preface their outrageousness with claims of being outrageous – self consciously meta.