Agree w/ above point - Citi sucks. A day like today was inevitable. There may be a few more and let's hope they're not as bad. Some on CNBC seem to think many of the traders are satisfied w/ their annual return, so they're going to cruise out the year. Then, it's election year where everyone does everything possible to ensure the market is growing and people are giving them credit.
Four things that I learned from Crammer: 1) Don't buy your position all at once. 2) Don't sell your position all at once. 3) Trade around your core position. 4) Pigs get slaughtered. Unfortunately, I got slaughtered today trading around my core position. But, tomorrow is another day!
I pay no attention to his specific buy and sell recommendations.
Can't expect to win every day.FCX looked like it was ready to break out to a new 52 week high until CITI this morning.Last thing Cramer said on his show last night at the end was to keep buying because the stocks are still going higher.Trying to trade in the market involves luck and a little skill.After yesterday the market looked so strong into the close.