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One lesson that every investor should have learned in 2008 was to take with a grain of salt the "advice" of all the media "experts". The BUY side is continually pushed and months can go by without a short recommendation. There is simply no coverage of the short market and buying is pushed regardless of market conditions.
Jan 11 09:59 am
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All Comments by axelrod608 »The Losses of a Money Magazine Portfolio [View article]
And for those who, like me, pay money for advice from "experts", we should have learned that the amount one pays often makes no difference. Several of my advisories were pushing the buy side all year and missed entirely the opportunity to take profits before mid-year.
The analysis and advice I use now comes from sources that are recommending trailing stops and other strategies to protect against losses. Current market gains may well be just a bear market rally. Protection is essential. People who didn't get that message last year may be reminded again this year.