WS, thanks for the wisdom. I'll add my $.02.
When adults meet reality face to face, the result creates:
• a loss of money, and/or
• humiliation, and/or
• abandonment/betrayal.
As I was taught by my main mentor, "you always get what you deserve."
We are getting what we deserve in spades, and I don't think that the end is even remotely in sight. I'm constantly amazed at the bounces that the Naz keeps taking. How many times will fools rush in to get fleeced. And it's not just retail. I watch Thomson Iwatch and see major purchases without any real evidence of capitulation.
On a more personal note. One reason I am in the market personallly, as opposed to letting a professional handle it is that I am trying to understand how it works, and how I work.
So far, this particular market has taught me that no matter what I say in bravado, I'm more sensitive to fear than greed. That is a valuable lesson. Every where I see investors vacilating between fear and greed and thus not selling when they should, when they have made a significant profit and riding stocks down.
Well, best to all for a happy holiday season. What goes down also goes up,
G. |
