carey_jim

Is It Time to Buy or Sell?

I like the title of your article but it isn't too original.

Sell after a big rally and buy after a large drop is the usual answer but few have the guts to do either one except with their play money and it usually isn't enough to make a difference.

Most of us are already rich "on paper" but hoarding our small pile of gold in practice and only alpha speculators with pennies.

Short selling complicates all of this, of course, but doesn't change the underlying problem.

If you want to get rich quick you have to face the possibility of getting poor fast too.

Live and invest dangerously but don't yell too loudly when you fall on your face and above all don't blame other people.

And if you finally get rich, run for political office and change the rules so you will never lose any money again.

You will be too big by then to fail.