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
A Wall Street legend's 10 market rules are still relevant
****Bob Farrell is a Wall Street legend who spent his 45-year career working at Merill Lynch after being taught by Benjamin Graham and David Dodd at Columbia University.****
It's amazing how much you want things to change they still stay the same after ll these yrs. Be discipline and have a goals are upmost important in these environments.
Bob Farrell was a frequent guest on Wall Street Week with Louis Rukeyser. MarketWatch published an article (also in Barron's) earlier this month about Bob Farrell. Mr. Farrell was feeling bearish during a recent webcast.
"In the April 27 webcast for Rosenberg Research clients, Farrell said he expects investors in U.S. stock indexes could be mauled with a 30% loss and that downward pressure on share prices could last through summer. He advises selling into rallies rather than buying dips, and otherwise sheltering in value stocks—specifically in the defense, cybersecurity, utilities and energy sectors, as well as owning gold and income-generating master limited partnerships."
Comments
And yes, his ten rules are just as true today as they were then.
MarketWatch published an article (also in Barron's) earlier this month about Bob Farrell.
Mr. Farrell was feeling bearish during a recent webcast.
"In the April 27 webcast for Rosenberg Research clients, Farrell said he expects investors in U.S. stock indexes could be mauled with a 30% loss and that downward pressure on share prices could last through summer. He advises selling into rallies rather than buying dips, and otherwise sheltering in value stocks—specifically in the defense, cybersecurity, utilities and energy sectors, as well as owning gold and income-generating master limited partnerships."