Myth: The bull market's coming to an end (NOT)
Lee:
Check this out,found this article in ZDII. The guy makes some valid arguments,how true I thought.The last man (Oooops woman) standing will most likely laugh all the way to the bank is what I am thinking.
It is written :-> 'The tenacious among us will prevail as usual and some,some will "buy high & sell low' as usual' never fails.<vbg>
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".....About every six months, some "expert" gets on CNBC and predicts a 20 percent pullback in the market. And about every six months, that same guy comes on and predicts another pullback.
Nine years and counting and we're still in the midst of an incredible bull run. Moreover, what can these investors do with all the money they've made in the past nine years? Buy T-bills?
This market, allowing for natural ups and downs, might never see a true bear market again.
When the New York Times claims the bear market has arrived, as it did this week, and Ralph Acampora, a Prudential Securities analyst famous for missing the mark on his bearish calls, tells the world to sell Internet stocks, it's time to start buying.
But what's a market without worry.
In a couple months, we'll be reading and writing stories about how dangerous these high-flying Internet stocks have become after they go on another torrid run.
Do you want to be reading about these tremendous run-up as you're holding the stocks or do you want to be worrying about finally getting in on some of these future bellwethers? "..
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Source: ZDII
zdii.com |
