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Author: TheRTTrader Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41629  
Subject: Re: GDP: Good News on the Way? Date: 2/22/2006 10:33 PM
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Not so fast. One post does not a board make. In other words, I stay away from there still because it's way too depressing for me.

I did wonder in and even made a post. But you are right, it is the same ole, same ole. On one hand its good to know all the bad things that can possibly happen, so long as they do not cloud your judgement as to what is happening NOW. Playing the "now" is how to to make money. Always has, always will be.

For the past 3 years, playing within the major trends has been a great time to make money - not just beat the S&P, but serious money. But you can't do that if you are paranoid about everything negative that can possibly happen, believe the govenment data are all lies and the American system is a house of cards.

For example, for years the Mishies have been talking about the housing bubble, saying it was over, when is essence it was just building. In the meantime the housing stocks just went up and up, to their disbeleif and denial. The housing stocks signaled a good month before we had data that the top was in. As for the bubble, that is still open to speculation whether we will have armagedon or simply a soft landing.

The reality is that smart traders go with the flow and make money regardless of what happens.

Good trading,

Russ
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