I believe in wisdom of the crowds. Normally, I stand still. I look around. I gossip around (through twitter, newsfeed and links) on the market pulse. Is everyone bearish? Why? Is there someone bullish? Why? At best, I try to form an opinion for myself on what I should be doing. Am I getting too scared? Am I getting too greedy? This helps keep me in check so that I can have an open mind, willing to take advantage of any opportunities that may come my way.
Assessing the market landscape is my personal method of trading. Psychological impact and behavioral finance is how I interpret things. Others like to read on financial statements. I tend to read people’s behaviors. Sometimes, those behaviors can be more easily seen in charts. Other times, when things become too hazy, social media helps come into play.
Here are some videos and links that I believe are good view points:
Again, I do not want to have sheep following me around. I’m not a shepherd. Hopefully, my articles can help instead to free yourself from your own biases. It’s a hard thing to do, I, myself am having this problem (in remaining- open minded- at all times).
Watch the following videos. Don’t take my word for it. These people have been trading for many decades. They don’t know either what would happen. Proactive asset managers are simply constructing a portfolio where whatever happens, they’re prepared. So should you.
1.) http://www.bloomberg.com/video/76281916/– There is no way to time this market perfectly.
2.) http://www.bloomberg.com/video/75903616/ – This may be market bottom.
I see the point of bearishness, but we’ve already discounted the recession. We could get a new low, but 6 months ahead, we’ll have higher stock prices. The stress is already too much.
3.) http://www.bloomberg.com/video/73824646/ – I don’t think this rally will last. I think we have a choppy period. However, from a 5 year term, this is a buying opportunity.
4.) http://www.moneyshow.com/video/video.asp?wid=7378&t=3&scode=009597 – (Just click the video from Jim Jubak entitled Overcoming the Crisis of Confidence).
It just keeps going on and on and on, and as you can see. That is not a recipe for stock prices to move higher.
5.) http://www.investmentnews.com/section/multimedia?playerType=INTV&bctid=1183551321001 – Joshua Brown, Time to Bail or Buy?
– And It’s official. Stock brokers are more reckless than psychopaths.
– The Faceless Trader — is a psychopath. You’ve been warned.