Steven Cohen Shuts Down Successful Hedge Fund - Mike Swanson (01/02/2014)
By Mike Swanson on Thu, 01/02/2014 - 08:50Today Steve Cohen announced that he was shutting down his successful hedge fund.
Today Steve Cohen announced that he was shutting down his successful hedge fund.
This is the correct way to play the market now. To play today you have to be ready to trade and use pure technical analysis.
Few plan and as a result they simply get dismal results in the long and just react to what happens in the stock market instead of being calm and ready ahead of time to take advantage of things. Planning leads to success - it's that simple.
On CNBC James Cramer declared that we are in a bull market like he saw in the 1990's that will continue despite "naysayers." He says he is the people's "champion" of the bull market.
Video on bullish sentiment that is driving markets and the impact that may have on 2014.
He thinks the stock market will drop on worries next year on Fed "tapering." And in response the Fed will get scared too and PRINT MORE MONEY!
I have said many negative things about the Federal Reserve over the years. I have stated many times that Federal Reserve policy has helped to wreck the economy and cause harm to the American people.
The NYSE and Nasdaq will close today for trading at 1PM and will be closed all day tomorrow for Christmas.
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