Tonight was Investor’s Business Daily Meetup Group night. Investors all over the world who are interested in IBD trading strategies can meet on the last Wednesday of each month to share their insights on investing and trading. Tonight, about nine of us met at a local restaurant. There is a core group of regulars with a few newcomers attending once in a while. Tonight it was all experienced members who are fairly addicted to trading the market. We all study stock charts, read IBD, and use many of the IBD investing tools.
Tonight’s meeting was different than the other meetings that I have attended during the past year. No one circulated piles of charts of promising industries or stocks to buy. The discussions were subdued and everyone said that no one was making much money trading. They were licking their wounds and lamenting that this was the worst market in a long time.