Re: Stock Market Valuations and Entry Point.......
OK, I'm new here and haven't really studied up on all that has gone on before but...
I wish that I had faith in somebody's well thought out intellectual arguements of what the market is going to do. I don't.
Random Walk Down Wall Street and all that stuff.... I worked in Investor Relations for a long time, and I learned that every crack analyst and portfolio manager has their theories that, if they are lucky and their timing is right, make them look smart.... for awhile.
If you can afford the loss or can't afford to stay put then make a call on the market and act accordingly. You might get lucky or you might not.
If you don't need to take risk, don't ,and build your portfolio accordingly. That is of course unless you just wanna have fun worrying about this stuff!!!!
But everyone has their own reasons for thinking their strategy is the right one. And much of it probably has to do with past experience, current financial state, risk tolerance, etc.
In my brief experience with reading this thread it seems like each person is trying to covince the other that for whatever reason, their crystal ball is correct. In my professional experience, that rarely happens. Another smart person may admit you have a good arguement, but will go back to their original line of thinking usually...because it better better matches their current situation.
If I wake up every day and say it is going to rain, eventually it will.
(Going back to ordering the 4 Pillars of Investing so I can keep up with you folks).
OK, I'm new here and haven't really studied up on all that has gone on before but...
I wish that I had faith in somebody's well thought out intellectual arguements of what the market is going to do. I don't.
Random Walk Down Wall Street and all that stuff.... I worked in Investor Relations for a long time, and I learned that every crack analyst and portfolio manager has their theories that, if they are lucky and their timing is right, make them look smart.... for awhile.
If you can afford the loss or can't afford to stay put then make a call on the market and act accordingly. You might get lucky or you might not.
If you don't need to take risk, don't ,and build your portfolio accordingly. That is of course unless you just wanna have fun worrying about this stuff!!!!
But everyone has their own reasons for thinking their strategy is the right one. And much of it probably has to do with past experience, current financial state, risk tolerance, etc.
In my brief experience with reading this thread it seems like each person is trying to covince the other that for whatever reason, their crystal ball is correct. In my professional experience, that rarely happens. Another smart person may admit you have a good arguement, but will go back to their original line of thinking usually...because it better better matches their current situation.
If I wake up every day and say it is going to rain, eventually it will.
(Going back to ordering the 4 Pillars of Investing so I can keep up with you folks).