QuasiYoda

Market Lessons: Buy Low, SELL High

Yes, Nice Article.

For those who don't believe and aren't incline to take profits you might consider buying a few ETF's perhaps with a 200% gearing to the Bear side. I would stay away from 300% ETF's they seem to dissolve in price whether they are bull or bear.

At this time whose counsel should you follow Greed or Fear?

If you follow Fear you could sell, begin to take cash off the table then if market skyrockets you'll lose out on additional profits but if the market tanks you will have cash available to see you thru the tough times. Also you will have cash to buy stocks at Multi-Decade Lows just in time for the Hyperinflation that is likely to follow after years of Central banks printing money to avoid deflation (won't work imho but that another topic) Stocks like Fertilizer, Silver, Gold, Land, Shippers, etc.

If you follow Greed you keep yourself fully invested if the market rises you keep banking additional Profits reaching new highs in your account balance or rising faster toward your old highs as the case may be. But if the market starts another leg down, technically something that is quite likely, you stand to lose all the radical gains from the last 6 months. You may think Oh I'll sell but it is easier to consistently take profits in a market sell off if you already have done so that cash in your account bears witness to smart protection of hard won assets.

My Advice do your own Risk Reward Scenario on your particular portfolio. Push the risk and reward to extremes to see the full picture and then protect yourself accordingly.