If you bought in on a good company with good valuation, good fundamentals, a good product and good management, selling now — even on a rally — is a bad move. It’s a marathon, not a sprint.
Anyone who bought to get rich quick — yeah, sell, whatever, if you don’t lose your money now you’ll just lose it on something else later.
Fundamentals will kick in.
What do you think?
Time to be poised with any excess cash...and use some dollar-cost
averaging to buy in near a bottom.
Yes, I know that’s easier said than done. But in the great country
at least we have the opportunity to make that sort of move.
I was listening to Doug Kass just a while ago on the Fast Money TV program...
and when he said “I just got off the phone with Ralph Nader” I tuned him OUT, and said to myself: “Well if this guy is getting his economics advice from Ralph Nader, no reason to listen to anything more he has to say.”
Case closed.
If we’re in a “bear market,” the time has come to accumulate cash and to prepare to buy. I doubt that we’ll see the kind of meltdown we got in the 2000 crash at least beyond certain portions of the financial sector. On the other hand, I wish that the Federal Reserve would quit printing so much money and start withdrawing some dollars from circulation to create a deflationary boom...commodities markets are very expensive right now, indicative of inflation.
Gee I should have known better than to buy some QQQs and see them smartly ahead a day later. Too bad I wasn’t able to see and use this great advice. I guess we will really remember this advice when the market is double the current levels just as the geniuses who said it was all over in 87 really helped in getting us out at Dow 1700 when we are now at 13,000.
Larry K. did have an excellent analysis of this yesterday.
This is either just a some blowing off of steam after a steady rise to Dow 14000, or we are entering a real multi-year bull market. But its way to early to make such claims.
But Kudlow really is just playing for ratings because even your basic economist and wall street trader knows it would take at least 3 to 6 months of this to be able to say its a bear market.
Right now, all you have short term volitility. Very different.
The problems with the stock markets right now are just blowback from the long overdue major issues facing the mortgage secondary markets. While I believe the problems are way more serious than most people realize, how much or how fast it effects the entire american economy will take years to see.
I compare the last two weeks news coverage on this, especially CNBCs, to the histrionic performances you saw from reporters during Hurricane Katrina.
Jim Cramer actually tried to take responsibility for the fed’s actions on his show today. Yahh Jim, like you dictate Fed policy with your tv show. Dream on.