Posted by Ed Gilligan on November 21, 2010 at 05:54:45:
In Reply to: re: Good News Ireland get Pack-bil of Erors in Dublin posted by Karl Marx on November 20, 2010 at 17:39:07:
OK, this is how it is. The stock market leads the effect of the economy. When the market is going up, things are good. When the market goes down,(crashes) you know that about 6 months from now, jobs, loans, and mortgages will be hard to get. Six months after the market goes up, things will be good again. Almost any bad news will put the market into a tail spin. Like the bankers goofing up. Some one important blowing his nose, ect. The 9/11 planes (this did put it in a tail spin) crash in New York, ww2 and ect.
Al Inestine said there is no formula for the market. I say it is a human thing and you must follow the market and know the market. What happened yesterday means nothing. You must do your homework and follow the evidence of the company. Have they earn money, future look good, ratings, tea cup on the charts and ect. Some of the best know companies has the worst ratings and you would not buy one share of stock, if you seen it. I know some of these companies and I can't say. I get in enough trouble. PE ratings mean nothing. PS (sales) is everything. I was told he who hesitates is lost, but there is no perfect time to buy or sell. You must watch the big boys, funds, ect. I am reading a good book now, he thinks a bit like I do.
Some of the worst advise is buy low and sell high, (better to buy high and sell higher), buy and hold, time to sell stock, almost never and index funds or mutual funds are best. Forget all that, it is hogwash. I know All is God's Will, but the market must go up for things to get better. Now you know what to pray for. It will take 6 months more or less after it improves and the market must not crash. It might take a while for all this to sink in, but it will. That is the rest of the story. culater
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