Come on, make up your mind! Decide whether you are going up or down. This is ridiculous.
How many people reading this feel exactly like that? How many of you are tired of watching good stocks go down hard and bad stocks rally?
The rhyme.
The reason.
Where is it?
When I search for any patterns that allow for profit, I come back and say that after a stock has been trashed, hammered and crunched for a week, yes, a week, you can catch a bounce. Think IBM (IBM) and Chipotle Mexican Grill (CMG), which disappointed a week ago and which are finally bottoming.
But otherwise, nothing good happens. Once a stock goes down, it stays down. Once it is up, it stays up, except in the latter case all you have is Panera Bread (PNRA) and eBay (PNRA). That's how hard it is to find winners.
Meanwhile, we have stocks that have just been crushed. I am looking at stocks like Starwood (HOT), which has been ripped down gigantically, or McDonald's (MCD) and Nike (NKE), which have given up those bounces, or Bed Bath & Beyond (BBBY), which simply cannot rally to save its life.
It remains a market that is totally hateable and inscrutable with no conviction whatsoever.
Can't stand it.
