Enterprising Investor Forum

Short-term Market Moves Tuesday, July 24, 2007

As markets opened down today and stocks fell sharply in early trading, it is important for the Enterprising Investor to stay calm and not panic, assuming one has done the desk research, there is no need to question current holdings due to short term moves in the markets. If anything, we would aim to keep an eye on possible buying opportunities. Seeing some of the reactions from the press and commentators urging investors to start to take profits, our thoughts went to Rudyard Kipling poem:

“If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you
But make allowance for their doubting too,
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise………”

If you would like to read the whole poem, please click here.