ros remodel porch addition to ranch house lincolnshire bachman roofing s&k remodeling commercial bathroom remodel marengo .. Chicago Drug testing

Look Out The Window

Quick, look out the window. It's raining. No, the sun's out. No, it's cloudy. Wait a second, it is changing again, but I can't tell what it is going to do.

Kinds like the stock market. Up one day, down the next, then goes sideways. That stock I bought is not acting right. Maybe I should sell it, but I'll wait another day. My broker (the weatherman) says it will go back up.

At the beginning of every year we hear stock market forecast (whether we want to or not) and every one of the "experts" is about as accurate as our TV weatherman. Be sure to take your umbrella. Every year the Wall Street Journal surveys more than 50 economists and every year about 1/3rd of them are right. A weatherman can do better than that. The analysis of these birds seems impeccable and when you hear them speak so confidently you are sure they are right. He must be right ? he's a broker/economist/financial planner and they know everything. Well, at least a lot more than I do ? maybe.

Having owned a brokerage company and hired about 300 brokers I can assure you they don't know any more than you do. It just sounds that way. The one question you should always ask any broker before you give him your money is if he had a winning year last year. The market was down overall about 25%. If he lost more than 5% you don't want to know him. And if he says he made a bundle you had better question him carefully and ask for proof.

For the last 3 years almost everyone lost money. But this year it will be different. My broker said so. Only once before did it ever go down 4 years in a row and the odds of it's happening again are astronomical. Now that's logic for you. If you want to know what the weather is you look out the window. This same logic goes for the stock market. It is going down except for brief periods. As long as the major trend continues it would be wise NOT to buy anything.

Now that President Bush has given us his "stimulus" package and the Democrats have countered with theirs I wonder how long they are going to fight over how much and who gets what. It could be months before we see anything definitive from Washington. And that means you and I won't be getting any relief until then.

Tell those guys in the Beltway that it's raining and we need an umbrella ? NOW!

Al Thomas

Author of "If It Doesn't Go Up, Don't Buy It!"

Never lose money in the stock market again.

http://www.mutualfundmagic.com

In The News:

The Top 10 Reasons to Invest in Mutual Funds

Everyone who follows the financial news has heard of mutual... Read More

Dont Lose All Your Money

That sounds like good advice doesn't it? Don't lose all... Read More

How Commodity Trading Differs from Stock Trading

There are major differences between trading stocks and trading futures.... Read More

Stocks Options Trading

Let's assume that you want to make some serious money... Read More

Duct Tape

Did you run out to buy that duct tape yet?... Read More

Mutual Fund Commissions

You have heard about a particular mutual fund from a... Read More

Whitewater Stock Market

Ever done any whitewater rafting or canoeing? Long periods of... Read More

The 401(K): How The Insider Has Stolen Your Retirement!

Mutual funds were moderately successful in creating a presence in... Read More

What To Buy Now

I am sure that if you have a brokerage account... Read More

Managing Investing and Stock Market Risks

Reduce your investing and stock market risks by:Setting your sights... Read More

Boiler Room 7/17/00

On Friday or Saturday evening my wife gets a movie... Read More

Getting Even

I know there are a lot of you out there... Read More

Is the Stock Market for You?

Many people would like to diversify their portfolios to expand... Read More

Money, Insanity and Wall Street

Money: the most charged word in the planet. It means... Read More

VooDoo Training For the Stock Market

If you go to Haiti or other places in the... Read More

Direction

It is difficult to make money in a bull market,... Read More

How To Buy And Hold

One of the most believed bits of conventional wisdom from... Read More

Enron Cure

Let's hope you did not have any of the Enron... Read More

Outsourcing

It's about time someone spoke the truth concerning outsourcing. The... Read More

What Our Investment Advisor Wont Say Off The Bat

Most advisors will tell you they can beat the market.... Read More

Investment Capital Gains

Have you bought any mutual funds this year or late... Read More

Hill of Hope

Just about now everyone is confused as to which way... Read More

How to Maximize Your 401k Mutual Fund Returns

When it comes to 401k's there is an overabundance of... Read More

Frog In The Pot

You remember the story about the frog that was put... Read More

Complacency

During the month of January the Dow Jones Industrial Average,... Read More

400w sodium retrofit led commercial lighting fixtures Pete's produce ..
400w sodium retrofit led commercial lighting fixtures Pete's produce ..