Well the world isn't coming to an end so futures are pointing to a higher open. Is this a short term market bottom? Should we use the upswing to close out positions for a profit and move to cash? I get the feeling that once again when doom, gloom and fear are the news of the day that it's time to open new income positions. It ain't easy swimming against the current but it is probably the most profitable. Be greedy when others are fearful, be fearful when others are greedy says Mr. Buffett.
Showing posts with label bear trap. Show all posts
Showing posts with label bear trap. Show all posts
Monday, November 28, 2011
Thursday, November 24, 2011
Futures Pointing Down....Again
Are we oversold or headed toward a crash? Europe, unemployment, credit crisis, foreign wars, printing money, 1% v 99%, polarized and incompetent politicians. It would seem to paint a very gloomy picture; one that is ripe for a crash. Or not? Maybe this is a contrarian, bear trap.
There will probably be light trading tomorrow. Will Santa show up this year and rally the markets? Hmmm...interesting times.
In times like these I see the attractiveness of being a simple dividend growth investor. In my accounts where that is the plan I really couldn't care less if the market crashes or not. Lower prices mean more shares bought at reinvestment time. Ahhh....but that's boring...ha :) Happy Holidays
There will probably be light trading tomorrow. Will Santa show up this year and rally the markets? Hmmm...interesting times.
In times like these I see the attractiveness of being a simple dividend growth investor. In my accounts where that is the plan I really couldn't care less if the market crashes or not. Lower prices mean more shares bought at reinvestment time. Ahhh....but that's boring...ha :) Happy Holidays
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