Am readying myself for a parade of market bulls after the close. CNBC will have the daily grind of pundits who will exhaust themselves by patting each other on the back for calling this HUGE rally. (Dow back over 10,000 - at least as I write this).
Last week, pessimism was the byword -we get bearish emails from newsletters and services when the market wanes and bullish ones when it rallies. What’s a small, lonely investor to do?? Here’s your answer (after calling Fagan Associates of course) — stay the course.
“Buy and hold is dead. Cash is king. Schnitzel a little”. Don’t listen to the bums - they’re like Vegas touts.
Our advice is figure out who you are as investor and invest accordingly- buy good things- sell reluctantly -buy slowly and incrementally.
Don’t become paralyzed by the “noise”- most of it is sound and fury and signifies very little if not nothing.
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Wednesday, July 7th, 2010
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