I will not chase obscenely valued stocks.
I will not buy stocks being pumped on Mad Money.
I will not buy the dips believing the market correction will end quickly.
I will remember that it isn't enough to find a "good stock" before buying it, the stock needs to be reasonably priced.
I will not chase bubble markets hoping the fed will keep the punch spiked for me.
I am a bagholder.
Traditional, reprinted with permission.
"No, you can't raise a quarter point! We need our juice!" Kind of says something about the state of the economy, don't you think?
He'll reassure the markets that all is well.
I invest, I just don't chase stocks without solid fundamentals and reasonable valuations. It would appear I'm ahead of the game being loaded with cash?
The fed is out of weapons. If it has to keep the punch bowl spiked with no end in sight, I don't see how you think that is a good thing for the economy. It badly needs to raise rates while it can, what better time than the decline in commodities.
But of course, you think DIS is a good investment here, so I don't understand your logic anyway.
The fed can't keep spiking the punch. That is the only reason why you have insanely wild valuations in the market like DIS at 100. Period.
And why wouldn't it? One earnings report disaster and this falls quicker than you can get the time to sell call from Jim Cramer. And the market is telling anyone who will listen that the days of increasing earnings for this company will be reversing soon. The market is always ahead of the economy. Ignore it, indeed buy more. The sooner the unsophisticated money is wiped out, the sooner recovery begins.