This is a full copy of an email service I subscribe to from Al Thomas from Mutual Fund Magic. Al is a professional trader and has been a floor trader, a broker and almost everything you can be in the financial markets. His book “If It Doesn’t Go Up, Don’t Buy It!” is a must buy. The book is an education in itself. Also go to his web site and sign up for his newsletter today.

I just wanted you to see an expert professional trader has the same view as I do regarding these markets. I hope it gives my view more credibility. I wanted it included in this post complete so there can be no misunderstanding. Please read on ….. Read the rest of this entry »

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We all know the mantra espoused by the wealth management industry about the need for us poor dumb investors to buy and hold because there is no way we can time the market. Yet these very people are doing just the opposite with your money, desperately trying to get returns in a falling market to help justify their high fees and charges. This is what I call Buy and Hold Hypocrisy.

Unfortunately you have to be a very good trader or a mug trying to time this market. The usual statistics apply. Probably less than 5% of wealth managers are any good at market timing. Most of them make their money picking winners in rising markets. In a falling or sideways market they have to be much more nimble and that can be hard to do with large amounts of money to trade (Silly me - I mean invest). Read the rest of this entry »