Good Monday Morning Traders!
No video lesson today but I've got something
a bit more valuable...ADVICE!
My advice to you is this...
Don't listen to Predictions!
I was reading my BusinessWeek (great mag for
those of you who like a good mix of info and education)
and on page 23-24 they have a list of quotes from
the beginning of 2007 labeled "Worst Predictions
About 2007". Here are a few of my favorites...
"AMZN is a stock that continues to live on
borrowed time." Tim Boyd
--AMZN closed at 94.45 on Friday 28th. Up from 38.50
when Tim made his comments.
"We do not expect significant spillovers from
the supprime market to the rest of the economy
or to the financial system." Ben Bernanke
--Yes Ben you're right on track...by the way how much
did Bears, Merril, and Freddie write off this year??
These people are VERY smart and they couldn't have
been more wrong! What does this tell me??
Take 2008 one day at a time. There's no difference
between December 31st 2007 and January 1st 2008
with the exception of a few resolutions! So this year
don't read too much into anyones 2008 predictions
and just follow what the market is telling you every
trading day.
It's been a great 2007 and thank you all for your
feedback and kind words. I look forward to helping you
learn and earn more in 2008!
Happy New Year!
