Stock Market Farts; Cash is King
September 22, 2008
Today certainly proves why cash is king and why it will continue to be king until we get a new bull market. For those who jumped on the bandwagon on Friday are now under water and are hurting from today’s sell off. This kind of trading, this type of market should be avoided by all those who do not have at least 5 years worth of successful trading under their belt. It is useless to try to day trade to only burn and churn your account. The government can not help and will not be able to curb this mess, it will only prolong it.
Cash is king, cash is king. Patience is the number one trait everyone must exercise, our members are surviving this market because they are in cash. We are avoiding this mess and making some gains and prepared for a new bull market. It may be months or years away but we are prepared for a new bull market. How can you be prepared when you are churning and burning your account in oblivion.
Enjoy
Market Speculator
Comments
2 Comments »
Hello Josh!
I relegiosly follow your advice and stay in cash.
And every day i see that you are so right.
Cash is King Thank You. E.R,
Your sister introduced me to your website. She is very proud of you! I am trying to teach my Personal Finance classes about stocks, hopefully this site and the books will help. Thanks for the site!