Market Wrapup: Sellers in Control
|Index||Nov 16||Nov 23||+/-||+/- %|
|- 103.71||- 3.79|
|+ 159.03||- 2.19|
|+ 576.08||- 2.29%|
An interesting point for me this week is that our local ABC affiliate, on their 5 pm news, finally ran a news story (rather than a 30-second "Hey, the market is down") story on the Wednesday broadcast, rather than jut flashing numbers between commercials. After the Dow Jones was down nearly 2,000 points.
My point for you: Turn off the damn mainstream media. Another point is that when these dunderheads start paying attention, it's too late. (Or maybe looking for buying opportunities). Warren Buffet: Sell on greed, buy on fear.
If you're going to put your hard-earned money into markets, learn about markets. Otherwise, find a money market fund.
Most people -- maybe 80 percent or more -- lose money in the market. The first pillar of any successful life is philosophy, which means having the knowledge to make better decisions.
Please note this. Do more than just note it. Write it down. And do it. Phil says "While you're waiting, you're learning, reading, studying, and building your watchlist."
Start with these books:
Recommended reading list (Start with the first and work you way down. Already read them? Read them again.