Other Blogs And the King Of Holland

I mentioned this once before but this blog runs concurrently on a site called PairsTrader.com. I think I was the first external blogger to start posting on the site. Since then PairsTrader has added several other bloggers that offer good insight on various things. Matt McCall is a top down guy too and offers various specific ideas in his blog. Mark Whistler, Kevin Cuddie and Eric Perlstein offer some good analysis for short term traders. Check it out, I'd be curious to hear what you think.

On another note I heard a sound bite from Mike Holland saying that the S+P 500 could be up 20% or 25% this year. This sounds impossible to me! But who cares what I think or Mike for that matter? Big years often come out of the blue. If this year turns out to be a huge up year and you are too defensive you miss out. This is why I stick to my often stated criteria for when I get defensive. This type of market is where traders try to get too clever and end up missing big moves. If the market gives you a big move in something you own, take the trade but too much cash for now might be a mistake.