Scary Fundamentals Abound
Written By: Tom Hankes | Posted: Tuesday, August 17th, 2010
A very wise investor said "The best way to make money is to not lose any". Most people reading this article will ignore this great advice and do nothing with their investments until they've lost some serious money. How do I know? Investor psychology always follows the same patterns. They see some upward movement (called a "rally") and conclude "The markets are rising, so everything's fine".
Well, I'll stick my neck out and tell you unequivocally: things are not fine; they are really ugly. Try not to get too worried; bad markets are only a problem if you don't prepare for them. Be patient and keep reading: If you pay attention, this should have a happy ending, but you'll have to wait until the next issue, because I want to build the case for continuing bad markets first.
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