I agree 138602. The point is not that the market will go up 60%. The point is after hitting a bottom in 82 the market rose substantially the next 9 mos. Lane is saying market may retest low of 2008 which is 10,700 for DOW. However no one knows future and if the market doesn't retest 2008 low and you stay on sideline. You risk missing a nice possible upside. It's called risk/reward percentage.
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I agree 138602. The point is not that the market will go up 60%. The point is after hitting a bottom in 82 the market rose substantially the next 9 mos. Lane is saying market may retest low of 2008 which is 10,700 for DOW. However no one knows future and if the market doesn't retest 2008 low and you stay on sideline. You risk missing a nice possible upside. It's called risk/reward percentage.
Aug 12 14:37 pm
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All Comments by Tim H. »Market Beater Douglas Lane's 4 Picks - Barron's Interview [View article]