One of the best lessons I have learnt about the stock market it is this:
Nobody knows nothin' - Jack Bogle, Founder of Vanguard
That said, I do believe the run up over the last 6 months or so has been overdone but the Fed has been greasing the wheel with lots of cash so I guess it had to go somewhere. Since I am for the most part a long term investor, my strategy for the last few months has been to hold what I already have but not buy any new stocks.
Longer term, I think the large multinationals will continue to make ridiculous amounts of profits all over the globe so I will stick with large cap growth funds. I am mostly a buy-and-hold type of investor and it has served me well these past few years.
"It is easier to build strong children than to repair broken men" - Frederick Douglass
It seems like we have a good 2014 coming. I will hold on to the little I have but hope I can save a little over the next year or two and wait on the "next big one" as Sanford would say.
Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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