Quote:
Originally posted by Gemini:
If you don't believe ANYthing else... don't hold on Nasdaq if your holdings start sliding more than 5% a day. Get out and hold your cash.
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Gemini, if you're in it for the long term, then that's the worst advice you could give. That's what everyone is doing, and it's wrong. Did you know you can get higher than average returns simply by doing the opposite of the majority in stocks? If you don't take my advice, listen to the experts, like Warren Buffet. The martket ALWAYS over reacts, and comes back. No matter what. They know what they're talking about. The reason people make money is because other people lose it. If everyone weren't so stupid, then it would be harder for others to profit from their mistakes.
If you're in it for the short term only, well then, you're up shit's creek...