Wednesday, November 17, 2010

Is the Rally Over?

^^^ That's the headline from a WSJ article this morning. I'll quote some of it below for reference:

http://finance.yahoo.com/banking-budgeting/article/111331/is-the-rally-over?mod=bb-budgeting&sec=topStories&pos=7&asset=&ccode=
   For those investors wondering whether the months-long stock-market rally, after retreating a few steps, has more room left to run, Mark Rylance has some words of advice.
   "There's absolutely no way that anyone knows what's going to happen," says the Newport Beach, Calif., financial adviser. Many investors are wondering whether they should cash out or stay invested.
 
   The DOW dropped about 200 points yesterday. Guess that's why headlines like, "Is the Rally Over?" are being printed. The rally is just getting started. We are at the early innings of a multi-year rally that will take all of the indices way past their former highs. People are down on the stock market because it's a cruel and unforgiving monster. Make a bad trade and you're eaten alive. Fat-finger a trade and half of your capital disappears into the monster's gaping maw.

   Trading ain't easy and it was never meant to be a game played by children. However, the market's going higher. No doubt. There'll be dips and blips on the road to DOW 18K but only children expect the market to move in one direction. That is all. 

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