Tuesday, April 01, 2008

Boom goes the dynamite

Wow, I didn't expect the huge stock rally today, or the huge decline in precious metals.

Both situations were building up pressure. April is the best month for stocks since 1950. There may be some selling during the middle of the month to pay income taxes.

I was tempted to get on board the bull bandwagon, but reminded myself of the many whipsaws that have come after recent booming up days. All 30 Dow stocks were up. There will be lower risk times to get in.

Flat with no trading positions.

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