Magic 8 Ball -- will the market go up or down in 2010?
January 27, 2010
– Comments (3)
Oh, c'mon. Listening to assorted pundits and journalists recently has been amusing. The economy is on its way to recovery. The recovery will be gradual and really slow. GDP is headed for a double dip. The stock market is in a secular bull market. The market will trade sideways. The market is headed for another fall.
Oh brother. Give it a rest, already. Truth: no one really knows what will happen next; that is why it's called the "future". In March of 2009, did you predict ahead of time that it would be the bottom, then go straight up for 9 months? Hmm? Not me: I bought in the fall, figuring that would be the bottom - wrong.
Only TMF (at least in some, maybe not all, articles) has truth: we don't really know. Buy good quality stuff, then relax. It may go up or down in the near term, or maybe nothing for a long time. In the long run, you will gain; you must have confidence in the force. If your buy/sell/mouse finger gets itchy, wrap your hand and/or mouse in duct tape, and enjoy another mai-tai.
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