Did you ever hold a cat over the water? It explodes with energy, with all four paws in frantic motion and all claws ready to hang on to anything.
That's how the market is behaving today, swinging from 150 point gains to 50 point losses within minutes. The production of so much adrenalin is caused by Europe's meeting this afternoon to finally end their financial crisis. Rumors are that it could last until 3AM their time, if necessary to produce a plan.
If they fail, as I expect, the market will drop significantly but not crash, because they can come back to the negotiating table once again. Hopefully, you're sitting on a good amount of cash.
If they succeed, however, the market will jump dramatically. Yet, once the details are studied, the market will come back down somewhat. That would be a good time to commit some cash.
The next 24 hours could be exciting!
PS: If you have never held a cat over water, please don't do it now. It's cruel to torment the cat, and you might get clawed . . .
That's how the market is behaving today, swinging from 150 point gains to 50 point losses within minutes. The production of so much adrenalin is caused by Europe's meeting this afternoon to finally end their financial crisis. Rumors are that it could last until 3AM their time, if necessary to produce a plan.
If they fail, as I expect, the market will drop significantly but not crash, because they can come back to the negotiating table once again. Hopefully, you're sitting on a good amount of cash.
If they succeed, however, the market will jump dramatically. Yet, once the details are studied, the market will come back down somewhat. That would be a good time to commit some cash.
The next 24 hours could be exciting!
PS: If you have never held a cat over water, please don't do it now. It's cruel to torment the cat, and you might get clawed . . .
