Saturday, November 7, 2009
Don't follow news/comments from Expert
Try to be different from the perceived majority view. The current rally on the NYSE and elsewhere is one good example. So many were saying on March 2009 that the market and economic outlook is poor. By May, rally, driven only liquidity ( in fact, Dr Doom from NYU is still saying this). A few months later, they have cahnged their tune and are saying that the market rally is "too much, too soon, too fast." Yet, the rally is still intact. And now Warren Buffet is making his biggest bet by acquiring Burlington Northern.
"If you follow pretty girl's command, then you always make mistakes" - Stockaholic