as dale often says, generalized "market" comments are usually just someone's guesses or biases...this reply you elicited from this poster is an even further generalized comment, i.e. useless
what matters is what you own, and how it is doing and will do longer term
IMHO it's much more productive to focus on that, rather than some SI poster who just posts doom and gloom...it's the same as someone who is continually bullish, but has no track record or specific advice
over the past few years, the two main lessons i have learned are to avoid focusing too closely on the "market" itself, and to go against the crowd...i.e., buy when everyone is scared and selling, and sell when everyone else is euphoric...also interesting that the more i read of the thoughts and practices of the best stock market participants over the years, the more i find this among their best ideas as well
no need to reinvent the wheel, or ask someone who has never built a wheel to explain to you how to do it <g> |
