Quote:
Originally Posted by ReplayRandall
I can say this....There's a time to own and a time to be in cash....What time do you think this is?
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It's like betting horses. The favorite at 5/2 might be a terrible bet, but at 10/1 is a bargain.
Same with the stock market. It depends on the stock and the price.
It's probably not a good time to own Boeing!
Not all stocks are going down in value, but even stocks that are going up seem risky.
Like I wrote earlier, profit is the reward for taking risk, but also a fool and his money are soon parted.
Buy when there's blood in the streets, but the market can stay irrational longer than you can stay solvent.
It's like yin and yang. A time to live. A time die. A time to love. A time to hate.
A tale of two cities... It was the best of times. It was the worst of times.
The market is schizophrenic right now. Cash is the safest bet, but fortunes were made after the stock market crash of 1929 when people bought great companies for pennies on the dollar.
