"No one rings a bell at the bottom of the market." ~ stock market adage
The distribution of market sentiment is shifting and becoming more evenly spread among the three perspectives shown below:
While I am more optimistic psychologically, my analytical (skeptical) side agrees with Mr. Jubak. The stock market has advanced too high, too fast and looks more like a bear market rally than a bear market bottom to me. In the past two weeks, I've taken the opportunity to sell some purchases from February and March, 2009 for gains, and unload the financial stocks purchased in October, 2008 for losses. In addition, I've sold some of the gains in our managed accounts, while maintaining our core minimum investment amounts.
If I'm wrong, and the market continues to advance, we will still have enough invested to participate in the rebound. However, if I'm right and the market declines again in the near future, we will have cash reserves to reinvest in the market for the next rally.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2009 Achievement Catalyst, LLC
September Income – $4560.09
1 day ago
No comments:
Post a Comment