What Goes Up, Comes Down. Mostly
Wednesday, January 23, 2008 Filed in: Events
Alright, the stock market is on another scary roller
coaster ride. The problem has to do with the ups and
downs. There's too many downs.
Generally speaking, a roller coaster ride starts on a certain level and ends on the same level, so regardless of the number of ups, there's an equal number of downs, the exciting part.
The stock market has ups and downs, too, though what is exciting is the up part. The down part is terrifying, especially so after being up for awhile.
Worse, the entry and exit points are not equal or on the same level plane. No one minds, or even notices that when the stock market goes up. Remember, it's the up part that is exciting.
It wouldn't be so bad if the up and down parts balanced out, such as they do with a real roller coaster. In other words, investors could gain if they chose carefully where to get off, but nobody would ever lose if they simply stuck around until the end of the day.
That sounds so plausible and logical that it must not be true in real life situations. From what I can tell, the best time to sell a stock is when I buy it. The best time to buy a stock is just after I sell it.
You can't pay a broker for knowledge that is more accurate.
What this country needs is not a good 5-cent cigar, not a chicken in every pot, not universal health care, but another economic bubble to help everyone out of the last bubble that broke.
Generally speaking, a roller coaster ride starts on a certain level and ends on the same level, so regardless of the number of ups, there's an equal number of downs, the exciting part.
The stock market has ups and downs, too, though what is exciting is the up part. The down part is terrifying, especially so after being up for awhile.
Worse, the entry and exit points are not equal or on the same level plane. No one minds, or even notices that when the stock market goes up. Remember, it's the up part that is exciting.
It wouldn't be so bad if the up and down parts balanced out, such as they do with a real roller coaster. In other words, investors could gain if they chose carefully where to get off, but nobody would ever lose if they simply stuck around until the end of the day.
That sounds so plausible and logical that it must not be true in real life situations. From what I can tell, the best time to sell a stock is when I buy it. The best time to buy a stock is just after I sell it.
You can't pay a broker for knowledge that is more accurate.
What this country needs is not a good 5-cent cigar, not a chicken in every pot, not universal health care, but another economic bubble to help everyone out of the last bubble that broke.
