Published January 03, 2014
Well, 2014 hasn’t been spectacular so far. But, c’mon: we’re two days into the year and already people are freaking out a bit about the initial selloff.
Honestly, I don’t think it’s that bad. Remember, the market went straight up after the breakout and now needs a “time out” just to cool off.
Of course, if we get another day like Thursday, then I’ll start to be worried. But, so far, I think the market has more fuel left to burn.
The past two weeks I’ve shown just how wonderful a trader I am. No doubt due to some real self-esteem problems!
However, I have a fair number of clunkers each year that require patience, nursing, and sometimes a strong stomach. Keep in mind, though, most of my trades are in stocks I know and love. So, if they decline a bit … I generally buy more.
First up is Safeway (SWY). It’s made a number of feeble attempts, but overall, it’s been a dog. But, I still see people shopping there, so I’m holding.
My other hurt locker has been Apple (AAPL) of all things. Isn’t this a stock that always goes up? I played it a few times this year, but maybe overextended my stay this time!
Back next week to see if 2014 has any friends left.