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  • Monday's Closing Update: Housing, Financials Rally Broader Market [View article]
    The key thing I think is to not get wrapped up in a particular point of view or dogma - be it positive or negative, but rather make hay when the sun is shining and have a good umbrella for when it is raining.

    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.
    May 18 22:29 pm |Rating: +2 -1 |Link to Comment
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