Stock Market Analysis – 02-11-2010
The week’s not quite over yet, but the pause has been a good break. So far most of the downward action of the year has come on 3 big down days. Until I get some confidence that a fourth and fifth aren’t just over the horizon, I’ll still play it fairly conservatively. It’s always tough watching things on your radar, like HEAT, go up 30% in 5 days, but hopefully you have a lot of other options for when the market agrees it’s time to buy stuff.
Having plenty of opportunities is important in times like this so that you don’t make poor choices due to being desperate. Think about your buddy who married the butt ugly girl behind the front desk at his work because she was the only person that talked to him. You don’t want to end up in the same boat with your stock picks now, do you?
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