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Strategies & Market Trends : Bear Market Momentum Investing

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To: Smiling Bob who wrote (204)11/14/2008 3:30:09 PM
From: Perspective1 Recommendation  Read Replies (1) of 248
 
Don't you boyz get it? It's a bear market! <G> What in the world are you doing going long? I don't care how much of a rally you see coming, trying to ride it is even more challenging than trying to short a top in a bull market. The risk/reward is pretty dismal.

In a bull, buy the dips. In a bear, sell the rallies. But always keep on the right side of the macro trend, so that time ultimately bails you out. Just doing that alone, you can post double-digit returns annually and whip 95% of the Wall Street pros. And I challenge anyone to show that the additional effort of trying to catch every swing of 10% actually yields any improvement in long-term returns. There would be scads of billionaire traders if it worked.

Just my advice.

`BC
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