Leigh,
Thanks for the moral support. As a contrarian and a Street fighter, I know that the market is not scary. I don't listen to the media about bad news or hard times, e.g., inflation, trade imbalance, rate increase, CPI, PPI and the favorite term of late -- inexplicable.
As long as I do my due diligence, I buy companies that will grow and generate profits. It does not matter if their prices fluctuate on a daily basis. Fluctuations only create more buying and selling opportunities.
Now here are some principles most people know -- but end up foolishly ignoring, according to Ted Warren. I want you to memorize them by heart.
1. Buy when everyone else is selling.
2. Buy when there's blood in the streets.
3. When the man on the street is buying, that's the time to sell!
4. You have to be greedy when everyone else is fearful.
IOW, just do the opposite of what the herd does.
Regards,
Mick $$$
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