Today's Market
by Dr Invest
I'm sure you don't want to hear the news, but over the past week, I have been waiting for the explosive uptrend in the market. After all, this is all that being said by the news media. The recovery is full blown, while the Federal Reserve paints a much darker picture of market decline.
No, the market has not collapsed, but over the past week the DOW has closed with lower lows. Reality check comes tomorrow when we get the report on unemployment. Yes, for now, we are in a FLAT LINE.
Go With The Market
I have said this again and again, the sole determinate of the MARKET TREND is the market. It is not the economists, analysts, fund managers, or investment advisors who will determine market trend. Eventhough in years for a presidental election, the average return of the market is 8% higher than the typical year, this doesn't always remain true and the market doesn't really care about the averages anyway. It is the market that is sole determinate of MARKET TREND.
So when you invest, you want to see a CLEAR TREND UPWARD, or your momentary gains and elation will turn into long-term losses and depression. AT THIS TIME THE TREND OF THE MARKET IS UNCLEAR. Don't enter the market right now. Did you hear this? Not now!
I am waiting until MARCH to see if there is a clear upward trend. Right now the market seem to be on a flat-line.... IT IS MOVING SIDEWAYS this week. WAIT! There is plenty of the year left to make some money.
Check the side panel for Knowledge Base & Books
I am highlighting A.L. Williams and his booklet last published in 1993 called: COMMON SENSE. A. L. Williams later became Primerica and, of course, they immediately took the book out of the public. Here is the promo from Big Hitter Club:
What makes this book so special is that it was THE cornerstone that fueled the revolution of AL Williams that resulted in us growing into Primerica—the number one financial services marketing firm in the world! Even though the numbers and examples have changed since 1983, 1985 and 1993, the concepts that started the revolution are still valid today. As a result of following this simple game plan, thousands have taken charge of their personal finances and become financially independent.
By reading the booklet, you will understand more of what I am try to achieve philosophically with this blog.
(note: The above information is for entertainment purposes only and not to be used as financial advice.)
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