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.