"Don't confuse brains with a bull market." ~ Wall Street adage
Everyday, it seems, our accounts are going up and frequently hitting new highs. It would be wonderful if it was do to my exceptional stock picking. However, I know that it is more likely due to an exceptional bull market.
So while I'm enjoying the market advance, I'm not bragging about it. I know if will only take a bear market, or even a lengthy correction to make me look a stupid.
But until that bear market or correction comes, I will continue to take advantage of this market rally by staying invested and taking some selective profits. That way I will feel a little less stupid when the inevitable correction or bear market appears.
For more on Reflections and Musings, check back Saturdays for a new segment.
This is not financial or investing. Please consult a professional advisor.
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