Stock market is up 11% this year (the Dow). It is still down 15% or so from a couple years back. Let's put it in perspective.
If you got out in July of 2008 you were lucky. Otherwise you are digging yourself out of a nearly bottomless pit. So when the WSJ starts with the "poised for big move in 2011" stuff or glowing headlines like Dow up 11% for the year... try and keep things in some sort of balance.
A sense of history is sometimes a good thing but with the vast majority of recommendations coming out of Wall Street centering on buy buy buy rather than sell sell sell....well....ya know.
If you got out in July of 2008 you were lucky. Otherwise you are digging yourself out of a nearly bottomless pit. So when the WSJ starts with the "poised for big move in 2011" stuff or glowing headlines like Dow up 11% for the year... try and keep things in some sort of balance.
A sense of history is sometimes a good thing but with the vast majority of recommendations coming out of Wall Street centering on buy buy buy rather than sell sell sell....well....ya know.
Comments
Post a Comment