Quote:
Originally Posted by SSLance
And just like that...BAM...my portfolio is back up to pre-correction highs.
Thanks PG...
|
Good Lance. The only losers are the people that think long term is Tuesday at 2.....
Basic investing is about fundametals. Is business good? Are companies profitable? Are they growing or laying off..... in other words - until things CHANGE the swings are just noise.
Pay attention to fundamental change - are we beginning to see sales slowing - house prices dropping - sales slowing - layoff announcements etc — then you want to think about selling some stuff and raising a little or a lot of cash —- but right now - if you’re paying any attention - you’re not hearing any of that kind of talk. Housing tanks first —- this is something to really pay attention to now and for next couple quarters (as rates rise).