Been a while since I’ve posted to the blog.
There has been plenty happening, of course, but this item from the WSJ Market Beat blog sums up how I’ve been feeling:
Can I Get A Show of Hands? Anyone Else Sick of This Europe Stuff Yet?
Make no mistake, this post (mine) is just a whinge. The market is what it is, deal with it. But, hey, a rant from time-to-time can be a cathartic thing! LOL
What else is going on then?
Just had the FOMC statement, notable (at least to me) for a swing in who is doing the dissenting. The Hawks are happy, joining in with the consensus. Its a Dove who is dissenting. An interesting development, sure. I’m reading it as a swing to a greater concern about the health of the US economy within the Fed (and therefore implying certain things about the likelihood of future policy actions – i.e leaning to the more dovish side). But I’m often wrong.
So, what is going on in the US economy. For those following developments there, this graph will be of little surprise, but to those not, its a good summary:
Yep, recent figures reporting on the health of the US economy have been getting better, & has surprised pundits to the upside, which was nice.
In other developments, I’ve been making a lot more use of note-taking software – easy to save interesting items, easy to insert charts and such. So much of the stuff I used to post here for my own reference later has now been posted to the note software, therefore not as much blog useage.
I have been using Twitter a lot more. Found some great information sources on there. It really is very useful for a short-term momentum-y type trader. Especially in this ‘someone-in-Europe-just-farted, quick-let’s-go-to-risk-off, no, wait, risk-on” environment.
And some other things – I’ve found new blogs & a forum with good analysis & info, saving me having to do it myself (sounds lazy, but 1. it frees me to do other research/analysis, overall adding a lot of value to my trading & 2. these sources do work that I either don’t do or don’t do as well, so utilising them is just a no-brainer).