This market rally defies logic. It's like the energizer bunny. It keeps going, going, and going. However, I am still resisting buying. To me it looks 2007 again. That's when the mortgage crisis was looming and many expected the housing market to crash. Yet, the market kept advancing until October, 2007.
However, one never knows when a bear market has ended and the next bull market has begun. If the current rally is a bear market rally, it may also last several months.
So here's our plan:
At this point, I am itching to buy and to benefit even more from the rally. However, for now, I will remain disciplined and wait for the inevitable correction before making major additional purchases.
Disclosure: At time of publication, we own Google, Potash and Range resources in our trading accounts. Amazon, Google, Range Resources, and Monsanto are owned in our managed accounts.
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This is not financial or investment advice. Please consult a professional advisor.
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November Income – $5214.58
1 week ago
1 comment:
I can see your point but for me it had reached the boiling point and i had to begin buying again. I have bougth several Alternative Energy stocks.
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