The day after day of stock market sell-offs are soon going to produce the investor capitulation that is needed at market bottoms. Seeing these loses every day and knowing that the crap that they have told "Don't sell, don't sell" by the talking heads isn't producing the results they all believed it would.
Soon the weary investors are going to say, "I don't care, I just want to sleep at night."
This usually is a sign that the bottom is near, but not after more pain is likely. If you would have sold when the market did its first 15% drop after the Oct. 2007 highs, you would be about 70% better off now.
Why do investors believe their financial advisors? I don't understand since none of them saw this thing coming, so why should they follow their "hold hold hold" strategy now.
There are 2 very simple rules for investing that will guarantee a much better return than you could get from your advisors. See my next post for these rules.
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