Remember not to get caught up in "irrational exuberance"! And with the highs will come lows... the market doesn't go straight up. It's more like a dance. Like building a high end build -- a lot of time is spent taking stuff apart!
This is what I just read on one of the websites I visit for market info/news - and I thought it pertinent to post here....
A Santa Claus rally phenomenon usually occurs during last 10 trading days of the year, along with the opening week of the new year, where trading volumes are lighter and there’s a bias to raise prices to “window dress” returns for fund managers.The rally continues into the new year due to inflows of new pension money from 401(k)s and IRAs buy into equities.
The point of this is --- don't forget that oldest of rules... the minute you buy - they will fall... and you MUST remember why you bought - your time frame (really? Was it only a one week time line?) - refresh your brain with a look at those charts... and if you've kept some powder dry - if it's a stock you like long term - BUY MORE it just went on sale! But don't buy more unless it's gone down 10% or more (that's a BIG move!)...
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