"A journey of a thousand miles begins with a single step" - Lao Tzu
Market participants seem to always find themselves struggling with the idea that they have to do something. The recent change of sentiment and the rally that has followed is moving sectors and stocks at speeds that traders are having a hard time coping with. That movement seems to compel all of us to take part in this market action.
In reality, the time to do something isn't now, it is when the stock market serves up opportunity on a silver platter. Sometimes it develops because of a macro event or a sector that is out of favor. It can be when the majority of investors conclude that they can see no value in investing in these companies. What I have experienced is the selling that ensues to provide that opportunity is born out of fear.
Taking