“Markets are never wrong; opinions are.”
Jesse Livermore, speculator
“Bear markets have always been temporary. And so have bull markets...”
John Templeton, investor, philanthropist, mutual fund pioneer, and billionaire
Common Wall Street wisdom is that the trend is your friend. That is why it is important that you nail the trend so that you are on the right side of the market 100% of the time. Buying stocks in a declining market is suicide, as is shorting stocks in a rising market. Predicting where the market is headed is an impossible task, so how do you determine what to do? Simple, just listen to what the market is telling you. ...