Saturday, July 5, 2014

Chartist

My biggest take away from the Chartist newsletter is the section about what people are predicting the market to do. I can't help but wonder why at times where so many people predict the market to go up is the time it tends to stagnate. I suppose it is because it can only go up for so long before it starts to turn, because it is a cycle.

I also found it interesting how even with the research on the side of a possible downturn after all the optimism, the authors of the newsletter predict a continuing bull market. They cited a few times in the past where even in spite of huge optimism, the market lived up to expectations. They used their own natural instincts and the other market signs to give their recommendation to stay fully invested. 

It reminds me of parenting advice, not all books agree, and though it is good to do research and see what the experts recommend, at the end of the day, instincts and your own personal experience, plus the wealth of knowledge out there decides what choices to make.

My other big take away from the newsletter was an interest in the biotechnology stock ibb. Biotechnology is the future, and investing in it seems wise.

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