MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Josh Brown: The Farce Awakens

TedTed
in Off-Topic
FYI: One of the worst starts to a calendar year in stock market history. The S&P 500 plunges straight out of the gate and is now 11% off its record high set last year.

Volatility brings out the most counterproductive behavior in investors and, almost without fail, brings out the worst sort of advice. Farcical advice, the kind that would be laughed out of the room in the company of wealthy people or successful investors who’ve been around for a few cycles.
Regards,
Ted
http://thereformedbroker.com/2016/01/10/the-farce-awakens/

Comments

  • gmarceau
    Great read!
  • vkt
    It would have been better if he had pointed to who had advised it so it didn't seem like such a strawman to shoot down.

    There is a lot of area between getting all out and staying all in like lightening up a little, especially risky or hot money sectors, locking in profits if you had in any sector, re-evaluating one's goals and risk tolerance while waking up to the fact that markets always don't go up.

    The biggest farce is investing in this market under the assumption that valuations matter. It is as real as assuming fantasy sports betting has to do with real sports strategy!
Sign In or Register to comment.