If you’ve got money in the stock market, take a deep breath: It’s one of those moments. The market is lurching, and that is precisely when impulsive behaviour can hurt the most.
Investing can be a delightful pastime when stocks are rising. When they are falling — which has often been the case lately — it can be excruciating. But hasty decisions taken at anxious moments can be extremely costly.
“When a lot of people reach their threshold of pain, they sell their stocks and try to move to more secure holdings — cash, bonds, treasuries,Gold,silver,... But these decisions don’t work out very well for most people...
There are two other “scenarios” are possible, but much LESS LIKELY.. One is a global meltdown, with the Greek crisis morphing into “Lehman II”, the probability of which has been reduced by prompt action by European authorities. And the other is a quick resumption of the roaring bull market that took the S&P 500 up 80%, or the moving up of FKLI above 1600 , OR the HSI above 2600, , But there are too many problems for that to be very likely in the next month or two, or even three.
For long-term diversified investors, , it probably makes sense to ride out the storm, and, maybe, add to your holdings. “Keep your shoulder harness on, and your seatbelt secured, and your life should be OK,” ..
No comments:
Post a Comment