MysteryTraderBlog.com: downside risks loom large

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One whose identity is unknown and who arouses curiosity.

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« directionless market behavior | Main | Does it really make sense that everything should go down at once? »

downside risks loom large

News this morning that unit labor costs rose at a larger than expected 4.9% rate might be enough to end the recent unconvincing upward price drift on very light volume.

I think that the downside risks loom much larger than any upside rewards…so I am selling short.

Posted by MysteryTrader on September 6, 2006 02:35 PM | Permalink

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its that drifting higher on low volume that has me waiting. I would expect a final pop up to end the trend.

"He who hesitates is lost."--M

Posted by: allan | September 7, 2006 02:52 PM

9-15-06
This morning around 7:45am CNBC panelist Carl Quintenilla reported that gasoline prices may drop to 1.15/gal there is such a glut of oil. Wow.

teeks37

Posted by: Patrick J. McKeough | September 15, 2006 01:49 PM

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About Me:

Almost nothing is known about the Mystery Trader. If there were anything much known, he or she would not be such a mystery, would he or she?

We can say only this: the Mystery Trader has been trading for a long time, has learned a few things, mostly the hard way, has traded all kinds of crazy financial instruments, has made AND LOST an awful lot of money, and has not died broke well, not YET anyhow, but there is still time for that.

The Mystery Trader writes these impressions and thoughts as a kind of an uncensored stream of consciousness journal or diary, largely for his or her own amusement, but also hoping these thoughts might help readers somehow, perhaps occasionally, prevent them from doing something stupid.

The Mystery Trader hopes that his or her thoughts might help YOU keep from losing YOUR shirt in the world's biggest casino. The financial markets are notoriously tricky and have ALWAYS been loaded with disinformation, deception, raw deals, chicanery, and outright criminal theft. Unfortunately, little of this bad behavior is caught and punished because the financial markets are too big and chaotic.

The Mystery Trader certainly and explicitly does NOT recommend that you blindly accept any ideas presented here or take anything expressed here at face value as actual fact. On the contrary, if anything, the Mystery Trader hopes that this blog might encourage you to think entirely for yourself and develop your own UNcommon sense. Be careful, have fun, and good luck!

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