Can this wipe out almost a whole year's gains? I cant stand this. I don't know what to do. I hate this. I'm freaking out.
I didn't think it was possible...but now you have even LESS credibility
yes. I don't consider myself a "bagholder" if I choose to stay in and sit tight. It's just too frantic trying to repeatedly sell at a peak, then sweat it out to buy back in again at just the right moment.
Why quibble over the relative bottom? We all know BAC going to 17-ish by Christmas.
Can anyone honestly say they've done better jumping in and out repeatedly than just buying and holding the same amount over the same time period? Honestly?
But even he and all the other manipulators wont be able to hold down BAC when the settlement gets approved.
Hey Sammy-- hopefully $8.5bln settlement is all but approved, and sooner rather than later now that everyone but AIG has withdrawn their objection, and hearing slated to resume Nov. 15. Maybe this will be the big catalyst. As far as risk tolerance--I feel the opposite-- haven't got the stomach for day to day fluctuations but long run feels safer. Thanks for your posts--I look for them too.