This is the best market I have traded in over the last five years. I know that 2022 has been a very hard year for investors, as the bond market is down 60%, stocks are down 30%, and there is no real safe haven for Wall Street, but trading has been amazing. The volatility is just unbelievable. Today, I had a very nice time trading Apple! You can watch the recap that Brian and I posted here.
This is the first real bear market I am experiencing, and I love it! Yes, the March 2020 pandemic was a bear market by definition, but it was not really a market that tested the endurance of traders. The market reversed back in a matter of two weeks and we started a V-shaped bounce that was the mother of all recoveries. It was a V-shape that got us to an all-time high very quickly. The 2022 market is truly unbelievable, and we are in the midst of it.
META, Google, and Amazon collapsed in the last few days, but Apple released a very solid earnings report that demonstrated to investors that the biggest company in the US is able to handle any recession. Good job, Tim Cook!
Our Florida meetup is now full, and we have created a forum for people to join and discuss items of interest. If you are attending, you can join the conversation here.
This weekend is Halloween. I hope everyone will be having a good time! BOOOOO!
To your success,