Friday, August 19, 2011

$700B 2011 INCREASE

http://research.stlouisfed.org/publications/usfd/page3.pdf  unprecedented.

Futures -14 this AM, worried about EUROPE and recession fears, 1118-1119 in the S&P 500 key area IMHO....we will go down to test that, then 1100 reaction low is under that and good chance it holds, or should I say it better.

But the bottom line is , as many will tell you, investing is all about managing risk and keeping losses reasonable over time so they don't swamp winners.

If you ONLY HOLD and NEVER SELL......you will be like the many in the housing market, underwater.

D

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