Notes from a blogger

We wanted to show you what other bloggers have been writing about lately. Joshua Hayes ( http://www.bigwavetrading.net/) is a very good trader and charges a fee for his stock picks. I have read his blog for awhile and thought our readers would be interested in his last post:

Confused
July 3, 2008

I am not sure how anyone can stay active in this market. What drives people on CNBC to talk about this market like it is the most exciting thing since the roller coaster. This market is extremely depressing and I have to tell the God’s honest truth about this market: There has NEVER been a harder market for me to trade in my life. I am selling a ton of positions today and I just basically want everyone to know that I am extremely depressed as for 12 years of my investing life I have KILLED the market. Now I am only beating it in my personal accounts. THIS IS THE HARDEST MARKET I HAVE BEEN IN except….the market right before 9/11 which is exactly how this one is acting (but more stocks were trending lower and not setting up in false breakouts like now) and the early 2002 market which STILL HAD PLENTY OF SHORTS TO MAKE a good amount of money on.

The bottom line is that this is how I make my living. There is no other way for me to make a living. And I tell you what folks, I feel like a homeless bum this year. IN 1999 and 2003 I returned over 300%. Do you think that I ever would have thought I would be waiting this long for another 1999 or 2003 year????? Do you think I would have actually have thought that we would not have drilled the OCS and ANWAR by now????? What country do I live in? Is this the same country I fell in love with? Something tells me it isn’t. How sad and how hurtful. This market sucks. If I were you, I would raise cash and wait for more charts to setup like my PAST PERFECT BIG WINNERS. I have a sinking feeling we are a long way aways from seeing them again, However, I still want to be ready. Aloha and I hope your having a better life than me right now. “The dog days of summer”…..are so TRUE!!!