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Daily Archives: October 30, 2008

Keep Some Perspective

October 30, 2008
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Keep Some Perspective

“XYZ stock is up 15% today!  The story is great!  And the market was up 10% on Tuesday!!  Should I load up on XYZ?!?” This is a common question I’m getting this week–many just can’t stand the sight of some stocks roaring ahead 10% or 15% without them.  But that’s what you should do. First, because the market is still in a downtrend by my measures; we’ve been able to be defensive (mostly in cash) since early September, and really, since late-June.  Really, the only investors enjoying these huge bounces are the ones that stayed in during the crash. ...

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