With Facebook, Greece & A 100 Point SP500 Correction, Less Is More

When the markets are going nuts and participants are frenzied and confused, I want to take the other side of the trade.

Emotions are running red hot with high energy across the full spectrum from excitement over the $FB IPO to angst over Europe and the $SPY price correction, I am doing very little here and remaining dispassionate by taking a mid afternoon run and listening to Brazilian music.

I want to stay far from the maddening crowd and let everyone else spin their wheels and run roughshod over each other.

Facebook will be a zoo tomorrow but you don’t have to trade it so unless you have a quantified and unemotional edge, just take a break.

 

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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