11/14 Kelly Letter Topics
Weekly market review
The bottom holds
Big bounce volume
Recession projections
The magic midpoint
LevMark Timer holds
Crocs is dying
Hope for Goldman
Importance of retest
This page gets woefully out of date at times. To help remedy that, I decided to try Blogger.
You can still find larger features in my articles area from the main menu bar. I'll use this area for short, timely commentary. Anything that runs longer will become an article as it always did before. The beauty of Blogger is that it removes all the time-consuming HTML work involved in creating separate article pages linked from the main article page, and then duplicating the content on the home page, etc. If you don't have a website, you don't have any idea what I'm talking about and you should be thankful for that.
Now onto some commentary.
If you're dying to get your money into this market, you're a textbook case of whipsaw syndrome. The time to be dying to get into the market was back in February and March (as I wrote then). The war bounce is getting long in the tooth. Now it's time to be selective and skeptical.
Of course, if you ever took my advice to invest as if you're buying the company then all this timing stuff is for the birds. But nobody ever takes that advice seriously. If they did, there would be no investment media. Truthfully, there is nothing helpful to write about the market on a daily basis. Only traders need that frequency of information and, as countless studies have proven, the vast majority of people lose money when trading.
I know, this kind of thinking is stuffy and you know somebody who made a killing on UTStarcom and has a system. Heard it all before. Meanwhile, the world's most successful investor, Warren Buffett, probably has no idea what the market did yesterday.
