L S

Why This Rally Is Unsustainable

There are a 1,000,000 different bloggers and posters out there, with 1,000,000 different opinions. No one can reliably predict what's going to happen. I don't care if you review past charts or trends, use statistical analysis, or simply base your predictions upon the phases of the moon, NO ONE gets all of their predictions right, even the so called experts. If this was easy, actively managed funds would regularly beat index based ETF's. The facts prove that they don't.

So... I love all the talk. It's entertaining...particu... the calls I've seen lately saying "Buy and Hold is Dead!!!". I'll be content to sit back and follow the old philosophies of Diversification, Dollar-Cost Averaging, and regular portfolio rebalancing. It ain't glamourous. It doesn't make for an interesting article. But down the road, I'm guessing this approach will beat 95% of the investors who think they somehow know more about the market then everyone else. The road to bankruptcy is paved with the bodies of those who think they are going to beat the odds and the market. I don't plan on being one of them.