The problem with trading right now is that it’s hard to feel confident holding positions for more than a few hours. There are just too many unknowns…
A stock can look like the greatest play one minute, and then a total dog the next. So swing trading is tougher right now...
Take Mosaic for example...
It was a fantastic stock for most of the year and now I wouldn’t look twice at it. It was a defensive stock, a flight to safety. Now it’s junk. Same with Freeport-McMoRan, which had also been a market darling this year until the past couple of weeks when it’s gotten crushed...
So people are scrambling for safety. But I also wouldn’t look to bonds…
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