Bullitt
Well-known member
I like Paul Farrell's original "10 Rules of Investing". Hey, any bears out there besides me? I read today about an analyst who sees over 1500 in the S&P in 2011. Let the good times roll, never mind the housing problems getting worse, the Fed has got our six.
http://www.investmentpostcards.com/2009/08/07/bob-farrells-10-rules-for-investing/9. When all the experts and forecasts agree – something else is going to happen
As Stovall, the S&P investment strategist, puts it: “If everybody’s optimistic, who is left to buy? If everybody’s pessimistic, who’s left to sell?”
Going against the herd as Farrell repeatedly suggests can be very profitable, especially for patient buyers who raise cash from frothy markets and reinvest it when sentiment is darkest.