Quote:
Originally Posted by WSSix
That may be true but you're correct about this. People don't suddenly stop investing. The doves analogy was a good way to explain the situation.
|
Actually --- the "RETAIL INVESTOR" which is what we are called in the industry - DO STOP investing in down markets.... Seems as a collective group we love to buy high and sell low.
This is what I've been trying to change in this thread. People need to see value in buying low if at all possible and NOT selling at every little hiccup.
I hope that most of you were able to do a little "gut check" when you saw the market down for a couple days here. You need to be able to handle -- and learn from -- your feelings when things aren't so rosy. That is what will save your bacon in the long run. Kind of a Fight or Fright training.