School is out for summer. Neighborhood kids are looting my house of Mr. Freezies, staying up later than the sun, jumping on my backyard trampoline seemingly with equal force as they pounce on my last nerves.

With the Dow Jones down the past 5 trading days in a row, I'm wondering if the bulls have taken summer vacation as well. 

The Bank of England raised interest rates another 50bpts this past week and there are talks of another rate hike coming in the United States in July.

School is definitely out, but the lessons must not be forgotten. We're not here to be right on every market call, we're here to make money and that all starts with respecting risk.