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Richard's Remarks

Those courageous traders who are still in the market are searching for any sign of trouble. Ah, but the market knows how to defeat geniuses; the averages bounce back and forth until a clear reading of the averages becomes impossible. If the Dow or the S&P are down a hundred points it’s just another ripple on the price structure, and at worst, it’s a buying opportunity.

 

One day the market will drop, and surprise -- it will continue to decline. This is the nastiest surprise that the in-and-out traders will come to find as the days go by. My suggestion is that we refrain from trying to outsmart the stock market. The smarter we become, the cleverer the stock market becomes. “Sidelines” is a dirty word for most money managers, but our job is to avoid being whittled to death by a frustrating market.

 

Today is Friday, and traders will have ... Log in or subscribe to continue reading.


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