Brian Kyser

Patience Is the Name of the Game for Markets

"Do nothing" is largely dependent on whether you're long or not, but one should not feel the need to cave in to the pressure of rushing out to buy stocks, if only because they've missed the rally. (Which is one emotion propelling the market higher). Thanks for the good comments.

On Aug 05 09:01 PM TinyTim wrote:

> Interesting commentary addressing the big question of the moment.
>
> I'll pass on the tech analysis.
>
> If I believe the market is being pumped up by media / govt on thin
> volume, what major shock is left that would cause a rebottom?
>
> I believe the market has priced in low employment for 2-3 years,
> possible mild repeat GDP slowdown masqueraded by the media / govt
> and low durables consumption for the foreseeable future.
>
> I attribute this rally to the impatience of a lot of cash sitting
> on the sidelines and the reluctance of the pros to stick their necks
> out.
>
> "predicting stock market action based on sentiment, contrarian instinct,
> or even historical precedence"
>
> This is what's moving the market now.
> Is "do nothing" the same as "buy and hold"?