Who was it who said "every time someone thinks they've found the key to the stock market, some s.o.b. changes the lock!"
After getting caught in the QQQ switches from Bob's counter-trend rally recommended aggressive trades, I totally agree with your post.
I guess if an investor chooses to time the market, they need to pick someone that sounds reasonable with the understanding that it's unlikely that timer will make correct calls all the time. At least Brinker gave it a try - I'm positive based upon my perception of his character, that he never made incorrect calls on purpose.
Hubris is a dangerous attitude to adopt. JMHO.
P :-)
PETE,
That's a great quote, "every time someone thinks they've found a key to the stock market, some s.o.b. changes the lock!", and I think it is 100% accurate. The market doesn't seem to be very predictable, at least not with much accuracy. At any given moment you've got someone saying the Dow will go to 36,000 and someone else like a Harry Dent who is currently saying the Dow will go to 6,000 by the end of 2015, and lower after that.
Don't feel too bad, I also got caught in the "Act Immediately" QQQ trade. I bought into it hook, line and sinker. I still hold some of that position in QQQ, after all this time.
ETF1 Robert |
