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Monday's Closing Update: Housing, Financials Rally Broader Market [View article]
On May 18 05:47 PM archman82011 wrote:
> Cetin:
>
> Just to be clear, I am just presenting information for informations
> sake. I do not mind the market going up. No, not at all.
>
> You are right. The gains are there (though not "locked in") until
> the sellers drop the prices below where people bought them. Unfortunately
> for the average mom and pop investor, and as per a very good WSJ
> article this morning, most people let gains turn into losses and
> sell out AFTER they have lost a lot of money or sell out right at
> the bottom.
>
> Unless someone bought near the bottom, or like me, lost only about
> 15% last year and does not "need" stocks to shoot back to DOW 14K
> tomorrow, I do not need to chase any rally, and I can afford to look
> for more than just one or two bits of positively spun news before
> I commit more money to this market.