Wednesday, February 28, 2007

Volatile and unpredictable

Volatile and unpredictable indeed is the stock market today. Opening with a big gap, its low of the day is 1136.01. It closes at 1196.45 with an intraday high of 1196.68. Volume traded is high at 3.9895 billions.

The market after giving you a severe beating turns round and says, “I am sorry.” Will it do the same thing tomorrow? Or will it say sorry first, and than beats you again.

A car running at high speed has to slow down before it turns around. Is this analogous to the stock market? Just wait and see.

Odds favor the man who waits until he is sure.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin L.Powell)