This is a trader's market - soaring one day, crashing the next.
Buy and holders sit in their stocks and await new highs unaware that policymakers are inflating away all of their gains amid ever-growing deficits.
I predict that we have seen the inflation adjusted all time high for stocks that will stand for decades.
After the big crash, getting back to "breakeven" will be meaningless when the dollar has lost half its value.
..if you're good at it, good for you, but if you don't stop at some point, it could be a zero sum game at a later stage.
..buy and hodlers, may have learnt the hard way that their stock price has largely not followed the main indices. Its just CBA carrying the XJO higher, even that is ending soon.
