Extremely Quiet Day Of Trading And A Big South Swell Equals Not Much To Talk About
The market did not do much of anything today as we all bide time ahead of the release of Q1 GDP and the FOMC interest rate decision. About the only market moving news today was the talk of V and MA earnings. Both of those stocks produced excellent action today in their respective security, with MA now giving me a 450% return in a little under two years. This is a very nice long-term capital gains. Even though the position is no longer huge, at least I still have some of it and can enjoy the Monster Stock that I own.
However, since the times that this stock broke out, it has been very hard to hold onto any past big winners for huge gains as the stock market is simply not in the right mood to help produce some huge returns. A VIX at 20 will do that! As long as this VIX stays down here and the market moves on lower volume, that is just more time that you can be sure we will have to wait before making any serious gains. When volume is well above average and the VIX is above 40 then I can wake up to some potential huge gains. Until then, we are GOING TO HAVE TO take what we are given. Rather we like it or not. Thank God I have other hobbies.
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