What's so bad about a correction? It sure as hell beats a crash and a bear market. Corrections are healthy. I lost some money during this correction, but I also made some money too. For those people who invest for the long term, corrections do very little to harm them unless they panic.
Why should one bury one's head in the sand? I watch CNBC. I disagree with many of the guests. I can't stand the charlatan of a reporter Andrew Barry or something like that and his cohorts at Barrons, yet I diligently go out every Saturday morning and buy a Barrons to read over the weekend.
No matter what anyone says, IMHO if someone claims to be a long term investor, but has opinions about hating corrections, then the person is probably not a long term investor. If you're not a long term investor, then you're playing the game with the rest of us. We are all gambling on calculated risks. In any game I play, I always want to know my competition. I always want to know the competition's weakness. If you know something that the majority of other's don't know, and you act on that information, you'll win. If you are part of the herd, then you'd better know when the herd is preparing to change direction. If you're lucky, you'll beat out the rest of the herd.
Regards,
-Jimmy
Looong and deep with IOMG |
