Saturday, January 31, 2009

Go Steelers!

First off, I got quite a few emails and comments in response to my last post. I wanted to say thank you for all of those - a lot of insightful thoughts and I appreciated it. I wanted to make sure everyone understood that I am not quitting or anything like that - I think I just reached a point where I know I need to step back and not trade for a bit. That could be a week or it could be a month. Right now, I am again hearing more rumors about this bad bank idea which I'm sure will affect the market next week. There are just too many of these rumors out there that are dictating trading and I can't take that anymore. Too much like Vegas out there right now for me. I'll still try to share some thoughts as I have them over the next week or two on the blog - I just don't know if they will be as comprehensive as normal - that's all.

Anyway, being from western PA, I am a huge Steelers fans and wanted to post a little video for any other Steeler fans out there to get you pumped for the game tomorrow. It should be fun - it will be a tough task to shut Arizona down but hopefully this defense can do it once again. Take care and enjoy the game.


Anonymous said...

Mac Superbowl is over, now what do you think about market tape today??

Anonymous said...

Mac may be taking a nap right now. He is probably thinking that he does not need to analyze the market any more because the market will end the year higher when Steelers win. Mac, I am just kidding! Congratulations to you and all Steelers lovers that include my family! BTW, it sounds that people love your analysis so much that they do not want you to have any break! - Elena

Mac said...

Elena - I have heard the S&P correlation when the Steelers win the Super Bowl, but I can't really buy that though. Good try though.

Anonymous - the tape looks weak, choppy, mixed, confusing, crappy. I don't know how else to describe a market I don't want to trade for the near future. When I see a good risk/reward setup, I will let everyone know. Until then, I'm not risking any more money in this chop.

Anonymous said...

Mac, I agree with you. The markets were supposed to go up last year, per the same kind of Super Ball prediction. Right now, I believe Roubini is very good at predicting the economy and you are very good at predicting the market short term movements. However, it is hard to get my buy-in if someone knows how the market is going to end for the year with either statistical evidence or superstitious magical power. The weather is too hazy these days! - Elena