The beauty of Shakespeare in his many plays is that he had plots, subplots, text, and context. There were ebbs and flows, sometimes confusing, sometimes simple. The stock market is eerily similar to a Shakespearean drama. Obviously, the current overriding theme is a bear market. The news is negative, the troubles many. However, woven within the tapestry of theater is the subplot, and that’s the market’s action itself.
On Friday, some of the worst news in over twenty-five years hit the marketplace. Yet, the market shrugged it off, and moved to higher levels. Impressive? Very much so. It’s even possible that Santa Claus has come to town. Imagine that, Santa Claus in a Shakespearean play!
The economic fundamentals continue to be horrible. Whether it’s the Big Three automakers, increasing unemployment, or the battered retailers. But often times, even in bear markets, stocks fight through the bad news, and look for better things in the future. We could argue, and we could discuss macroeconomics, but the rules of the game are simple. Trade the market that’s in front of you. Like a Shakespearean play, we will not fight the subplot.
Hold on, the last few weeks of the year could be a heck of a ride.
Ho! Ho! Ho!
Till next time,
Bill
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
A disclaimer: none of the content published on BillTatro.com constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the content published as part of BillTatro.com may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment