Thank God the Bear Market is Over
[quote=Ron 14][quote=Herman Munster]
I must say I agree with your post.I just don't want to give back my profits and feel I need to do somthing. My client's held up rather well last year all things considered but I'm pissed ( and take it personally that we lost money). I think we actually agree. I'm not suggesting wild changes in allocations daily but more of the type moves referred to in your post. Maybe I'm a bit shellshocked but I have to go with my feelings which tell me it's ok to take some profits here. No hard feelings. You can call me Herman. [/quote] [/quote] If your only job was to always be on the plus side you would have them in CD's. The markets fluctuate, they tank, crap hits the fan and it happens every 5-10 years. If you pull out at Dow 8500, buy back in at 7000, the client is going to expect that all the time. And that is something you won't be able to repeat consistently. The sell at 8500 may be wrong, who knows ?
Fools rally… the job numbers are awful. We lost 500k jobs with the govt spending billions to create them.