| A Turnaround is Pending |
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| July 15, 2008 |
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It’s time to hand over the reins, all you nervous Nellies! We’re not interested in your risk-averse squeamishness! If you’re waiting for the big sell-off, look no further. We’re right in the middle of it, folks! Capitulation, panic selling—call it what you will. The market’s been taken hostage by the financials, brokerages, mortgage companies and homebuilders. Investors tired of watching stocks tank are liquidating their bottom-of-the-barrel positions and stashing the cash under their mattresses. While it seems like a good idea, you’ll never make any money just letting your money collect dust! There’s no way to really explain why people trade the way they do, but the bottom line is this: Investors tend to get bullish after they buy and bearish after they sell. And as of late, we’ve seen a lot of selling, which means there’s a lot of bearish sentiment out there. But we’re close to a turnaround! More...
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