Thursday, 12 February 2009

Commentary: Your source for news, commentary, and stock info

Bottom Callers: The market's plummeted all the way through 2008. At every intermediate bottom, so-called financial experts and pundits were telling investor's what a fantastic "buying opportunity" it was, and valuations were "so cheap". The pic above hits the issue on the head. What they didn't realize is that stocks that are supposedly "cheap" can get "cheaper and cheaper still". Fundamental analysis is great in bull markets. It makes you look like a genius, but in bear markets it makes you look foolish.

No comments:

Labels