Damn. Daytrading GOOG not going so well. Advance missed by sell limit-price by ten cents, then "tanked". Slowly edging up.
Woe is me, I might lose $50...
Ya, daytrading is stupid, but I've just been so bored sitting on 80+% cash. When I started gambling, I mean trading/investing, I told myself to never daytrade... I'm only screwing with large caps that I think are a "value" right now (i.e. they will go back up eventually).
I think if you're going to screw around and day trade any stocks, value stocks are probably the worst ones to trade as the premise of a value stock is that 'the market' is ignoring the intrinsic value of the stock and depressing it to abnormally low prices which means for a long period of time, you will not likely to see any meaningful price action.
I think there's a lot of fear right now caused by the EU crisis and it has pushed many quality stocks down to reasonable prices although there is definitely potential for another downturn should the EU get out of hand or if we start another major military conflict in the middle east.
On the domestic economics front, the Fed printed a lot of money which will trickle down, inflate certain asset classes and cause overall inflation over the long term while some asset classes namely housing will probably decline as historically low interest rates and stimulus still fail to provide incentives to buy at current prices.
In economics they say it takes about 9 years for the full effect of such measures to take place. It's been almost halfway through that since the first recent QE of 2008 and there was a second one in 2010. A third one may potentially happen - is this shit planned to happen every 2 years?? Gold commodity prices soared to ridiculous levels and yet I see no end to it for now although the 'healthy market' definitely wants to see some deleveraging as they see their cash savings value diminish..funny enough they are the ones who have the power to improve things but are suffering in anxiety due to high prices caused by a lot of things including inconsiderate fiscal and monetary policies.
Funny thing is despite gold commodity prices, mining stocks hasn't done as well..hmm. I wonder if it's worth venturing into something like GDX?
It's a big fucking cycle of shit and I'm going crazy thinking about this D: