Quote:
Originally Posted by Iriemon  Even more depressing:
Dow Jones on December 28, 1999: 11,476.71
That's 8 years of no growth, a real loss compared to inflation. |
Markets go up. Markets go down. Thats why they are called markets.
Not to be flip about it, but we, as both consumers and investors, all too often hear only about things/stocks that we should buy! buy! buy! Thats how Wall St makes its dough, persuading us to buy their products.
Very seldom does one hear of a sell recommendation. They are often couched in such euphemisms as a "neutral" or "hold" rating, or one of my personal favorites, "use as a source of funds to buy something else."
It is not written anywhere that any prices always go up, or down, or sideways. They are markets. They will go anywhere the perception of the buying and selling public takes them. Despite Wall St's best efforts to get the public to only buy! buy! buy!
After all, selling, especially selling short, is distinctly un-American and downright sinful, is it not?