The Madness of Crowds… Friday, September 18, 2009
Posted by ei-forum in Rants.trackback
Ok, markets can remain irrational longer than you can stay solvent and all that stuff… and that’s why we are on the sidelines and haven’t had the energy to look through any stock picks…
As we have repetedly said, at this moment, we feel that the only viable strategy (unless you are actively trading) is to keep on averging into a long-term portfolio (we pefer all etf) and that’s simply it.
We neither support the endless printing of money/mortgaing future generations, nor believe in a jobless and creditless recovery! Reality will have to surface sooner or later…
For some interesting reading, we offer you a strong recommendation for your blogroll:
http://macro-man.blogspot.com/
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