It was another bad day for most online stock trading.
Most of the bail out or rescue plans broadcast around the world have not worked. Financial stocks are doing very poorly, and the majority of other sectors are as well.
Online stock trading is still the best way to try to make the most of the situation going on. At least you can have your portfolio close at hand.
Today, short selling was lifted, and I have to confess I went to look for positions, but found that most of the puts were priced too high for closer expirations.
The tech sector fell dramatically, with the exception of Apple. I did buy some here. I do believe that Apple does still have a selection of goods that consumers will pay a premium for. Hopefully, there won’t be a “war” of sorts, where the Window based computer companies start reducing prices so much that Apple’s premium pricing will seem totally out of the ballpark.
There is much worry and discussion all over the place about what to do. Honestly, it looks like nobody has the overall answer. There may not be a solution. Things may just have to crash and burn and the bloody mess cascade out into the Wall Street and Main Street before things get better.
Only time will tell. Nobody can predict the capitulation.
I’ll be happy when this week ends. It’s been bloody for me, but it would have been worse had I not had the power of online stock trading [spin]at my fingertips|at hand{/spin].