Subprime Lenders – Ouch!

Looking at the charts of the Subprime lenders I am reminded that no trend lasts forever and very often, result in round trippers. After a very long run of greatness, LEND has come crashing back to earth this year. From an all-time high in early 2006 to a three year low in just a few months.

Money management is still the most important part of the stock game. Up markets make everyone look smart. When it turns – it will, you need to have sell rules in place.