Q: May I add a small contribution to the momentum discussion..
AS MY OWN OPNIION may not be very relevant, i would like to list below the famous 10 rules of Bob Farrell that have been core how I believe the market (trading or investing) should be regarded
Markets tend to return to the mean over time.
Excesses in one direction will lead to an opposite excess in the other direction.
There are no new eras — excesses are never permanent.
Exponential rising and falling markets usually go further than you think.
The public buys the most at the top and the least at the bottom.
Fear and greed are stronger than long-term resolve.
Markets are strongest when they are broad and weakest when they narrow.
Bear markets have three stages: (1) sharp down, (2) reflexive rebound and (3) a drawn-out fundamental downtrend
When all the experts and forecasts agree, something else is going to happen (this is my favorite).
Bull markets are more fun than bear markets.
And to finish, I also would like to quote one of Charlie Munger best quote:
"It is remarkable how much long term advantage poeple like us (he is probably thinking of Warren Buffet)have gotten by trying to be consistently nt stupid instead of trying to be very intelligent"
All the best to you , your families and also All your members that asked so many interesting questions over the years, they are to be, no doubt, counted as part of the success of your letter
CDJ
AS MY OWN OPNIION may not be very relevant, i would like to list below the famous 10 rules of Bob Farrell that have been core how I believe the market (trading or investing) should be regarded
Markets tend to return to the mean over time.
Excesses in one direction will lead to an opposite excess in the other direction.
There are no new eras — excesses are never permanent.
Exponential rising and falling markets usually go further than you think.
The public buys the most at the top and the least at the bottom.
Fear and greed are stronger than long-term resolve.
Markets are strongest when they are broad and weakest when they narrow.
Bear markets have three stages: (1) sharp down, (2) reflexive rebound and (3) a drawn-out fundamental downtrend
When all the experts and forecasts agree, something else is going to happen (this is my favorite).
Bull markets are more fun than bear markets.
And to finish, I also would like to quote one of Charlie Munger best quote:
"It is remarkable how much long term advantage poeple like us (he is probably thinking of Warren Buffet)have gotten by trying to be consistently nt stupid instead of trying to be very intelligent"
All the best to you , your families and also All your members that asked so many interesting questions over the years, they are to be, no doubt, counted as part of the success of your letter
CDJ
