Nosebleed Risk Appetite May Impose ‘Speed Limit’ On Stocks: Goldman
"Maybe." "Might." "Possibly." "Could." And especially "in our view."
Every sell-side research note contains one or more of those implicit caveats to account for the simple fact that nobody knows where asset prices will go next. About the best we can do is say "up, down or sideways," as Morgan Stanley's Mike Wilson suggested earlier this week.
If you're hell-bent on fool's errands, there are some marginally useful guideposts for determining when to buy stocks and when to stay away. That is, if
It is a lot harder to implement this strategy than one who isn’t directly involved in investing would think.
It is about as difficult as me having a rule for myself that I won’t eat potato chips (I love potato chips). 🙂
Wheat Thins. I can’t keep Wheat Thins around.
+1
Similarly hard – trying to convince clients that market timing is extremely difficult/doesn’t pan out with any consistency (beyond “have the courage to buy when it’s cheap”)
My old grad mentor always used to tell us noobs that if you get some advice (think, tip) about a stock or the market just tell yourself that you are the last person in the world to hear this wonderful new advice so there is no money left to be made. Instead, find your own secret (something you have figured out that no one else has), invest, and then spread the news.