Quotes About New lows

papers that the market was down to new lows, and the experts were predicting that it was sure to drop another 200 points in the Dow, then the farmer would look through the Standard & Poor's Stock Guide and select around 30 stocks that had fallen in price substantially.

Professionals expect prices to fluctuate most of the time, without going anywhere far. They wait until an upside breakout stops reaching new highs or a downside breakout stops making new lows. Then they pounce—fade the breakout (trade against it) and place a protective stop near the latest extreme point. It's a tight stop, and their monetary risk is low, with a big profit potential from prices returning towards the middle of the congestion zone.

Most surprising is probably that I thought I had experienced most of the low points life has to offer... but you reach new lows when you are hungover changing a nappy and throw up into it.