Save Your Time, If Not Your Money
by sarabeth at 4:21 pm on February 27th, 2007 in EconomyBetween now and the time the markets reopen tomorrow, all kinds of people are going to be telling you, in all possible news media, what could happen.
To save you time, I give you here the benefit of my lifelong market wisdom very succintly. (And if you have ever checked my bio, you know that I know whereof I speak.)
1) Might go up, might go down, might go sideways
2) What will probably happen, though, is another big change
3) Whether it will go up or down is known only to charlatans who’ll be happy to take your money in return for a random prediction. (Hey, if 50% of your customers are satisfied, that’s not a bad track record in this business, is it?)
That, by the way, is the distilled essence of more than 40 years of intensive reseach into stock market movements.
jamie beth wrote:
so, if i’m in it for the long haul, i can just leave it put, right?
Posted 27 Feb 2007 at 6:35 pm ¶
sarabeth wrote:
can, and should. that’s what I’m doing. that’s what 40 years of intensive reseach into stock market movements says you should do.
(oh dear! now I’ve gone and dispensed investment advice without a license. And for free. I’m not sure which is regarded as worse.)
Posted 27 Feb 2007 at 9:03 pm ¶
sarabeth wrote:
for the record, I expect the market to close higher today. higher than yesterday’s close, rather than today’s open.
despite my ph.d., and all my white hair, and all my practical wisdom, I have an exactly 50% chance of being right.
(well, maybe a little more than that since the market is clearly fixing to open a little higher than yesterday’s close)
Posted 28 Feb 2007 at 6:24 am ¶