As many expected a pullback or correction thus far this summer, the Bulls showed who's in charge on Wall Street once again yesterday. (What can I say? In my options portfolio, even yours truly is down on SPY puts).
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No matter what all the "professional" talking heads' predictions are (or were), the facts are all we care about. The trend is up and the results (YTD) for the DeanJonesTrader Portfolio (DJTP) in comparison with the other benchmarks remain, shall we say ... "bull-ish".
YTD % Change:
YTD % Change:
DJTP ...........+26.7%
S & P 500 .... + 6.9%
NASDAQ ..... +11.9%
S & P 500 .... + 6.9%
NASDAQ ..... +11.9%
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"Do you wish to gamble blindly in the hope of getting a great big profit, or do you wish to speculate intelligently and get a smaller but more probable profit?"
--- Jesse Livermore
2 comments:
Dean, interesting blog. Give up the goods on the tools you use to track your stocks for the newbies.
Websites, software, brokers, remember you have to give full disclosure if people are to trust the guru.
Keep up the great work.
Stef
We like RIMM and AAPL for obvious reasons. (nice move on both lately)
Also they are creating technologies that will help us to Live Off the Grid.
http://www.go-offgrid.com
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