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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: freeus who wrote (39081)2/13/2001 10:33:32 AM
From: StockHawk  Read Replies (1) | Respond to of 54805
 
I have a program I subscribe to that I think is good (Vector Vest)...had I listened to them and obeyed last year I would be one grinning lady.

Freeus, you often seem to be looking for a oracle or a holy grail, - that someone or something that "knows" where the market or a stock is going. The truth is, no one knows. And hopping from one to the other, depending on who was right last time, or last year or whatever is rather like jumping from mutual fund to mutual fund depending on which had the best performance for the last quarter. Time and again, people trying to do that fail miserably.

The best anyone can do is to try to stack the odds in our favor for long term success. We can do that by being aware of overriding trends in the stock market, such as:

- over the long term, most stocks rise.
- over the long term earnings, and earnings growth, is rewarded
- over the short term, due to random events, anything might work - such as Wall St. Journal staffers hurling darts at the stock page. Such outcomes should be ignored.

If anyone reliably knew where the market was heading on a consistent basis they would be billionaires, and would not likely waste time writing programs or booklets to share their system.

Jumping from strategy to strategy is an almost sure road to disappointment. At least, imho.

StockHawk