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JimVanMeerten (58.52)

Do Not Panic



October 19, 2010 – Comments (1)

Quick note:  Do not panic.  The sky is not falling.  Last earnings season 85% of all earnings consensus were wrong.  Those companies that report good sales and earnings but miss consensus will drop temporarily.

Have faith and believe in the Barchart Opinions and Trend Spotter (tm)

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

1 Comments – Post Your Own

#1) On October 19, 2010 at 4:46 PM, davejh23 (< 20) wrote:

"Have faith and believe in the Barchart Opinions and Trend Spotter"

No thanks.  The VIX has made a definitive turn, the dollar has made a definitive turn, and S&P charts currently look pretty bearish.  I'm not shorting anything here, but I'm not buying this "dip" either.  How is the whole BAC putback deal going to work out?  It might be no big deal, but it could be the catalyst for panic/crash...

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