Bending the Third Rail
Because We Should, We Can, We Do
Tuesday, October 03, 2006
Topsy or Turvey?
Heard a good stock tip lately?

I'm no stock market guru, but based on this and lots of hard earned and expensive experience, I'm selling when S&P 500 hits 1335. It may not be the top, but only the suckers try to hit the top (or bottom) perfectly. The tops are hit when the retail investors are full tilt in the market while the pros are quietly exiting, thus all the CNBC headlines and B.S. market prognosticators over a market top! Nothing like some cheerleading to roll those dollars in. And bottoms are hit at the time the retail investors finally give up and sell it all, while the pros are quietly buying.

Care to guess what's driving the market up right now?
Written at 2:41 PM by Greyhair.
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