|Courtesy CNN Money|
My revised trading strategy
So my 'buy and hold' strategy is completely off the table, it's simply not feasible in this current economic climate - sooner or later the bubble will burst again and we'll see a stock market crash like we saw back in 2008, maybe even worse since there's more debt than there was in 2008. Nowadays if I want to buy a stock I'll stick with a call option with an expiration date that's somewhere in the near future, much safer and less risky I think. Furthermore I believe a lot of money can be made by shorting the stocks that will get hit hard when a scenario plays out like the one I described above - so called 'vulnerable stocks' $BKS, $RSH and $BAC (along with the entire financial sector if you ask me) and now $BBRY joins that list. There's plenty more stocks you can research on the internet. Keep in mind that each time the Dow Jones ends in the green, it's with the help of the Fed and not truly what the market actually is.
Until this whole 'debt ceiling' issue is resolved, I'm not buying any actual stocks.