Madness !!!!!
1) Economic growth is much stronger than generally expected. This means there is no recession. Second quarter real GDP up 2%, and the third quarter will post a similar increase. Whether this will ultimately give the stock market a boost is uncertain. My personal opinion, unlikely.
2) The Dow Jones Industrial Average (DJIA) has lost about 10 percent since the start of the year, but gained over 16 percent between the start of 2005 and the start of 2007 alone. Today (8 Jul), DJIA gained 152 points. Will it hit 11,000??
(Updated on 10 Jul : Just when DJIA gained 152 points, it lost 236 points on 9 Jul)3) It is the beginning of earning season. Will positive results push the stock market back to bull or will negative results continue to tank the already bullish stock market?
4) Crude oil reached a record of US$146/barrel laSt week but then today (8 Jul), oil prices extended a post-July 4th descent Tuesday - falling more than $9 a barrel over two days.
Isn't all these madness?
So many analysts agree that if any investors (especially novice) can survive the current market, they can survive in any conditions. 
As for me, fortunately I bought leap options. So, I am losing alot in terms of "paper value". But who knows when I can gain back these "losses".
For now, since I am still a novice, I will stay back and watch. I rather keep cash by my side.
: July 10, 2008 at 9:57 PM
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