Election or the overvaluation of stocks, and they just come in and buy buy buy their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it
Youre interested in this annual sills and its proven itself time and time again to get a lot of people involved at the right levels. Not for me as i explain and get rich carefully where i deaf vote a whole chapter to charting have i become a chartist myself. I single out stocks to research and i overlay them on my broader world view at the moment. Chartists could care less about this stuff, they often dont care what the company does. I wonder if they could do their jobs with the Companies Names blacked out. In fact, i am sure they could. Some of them hate the distraction of knowing much at all about a company for fear it would bias them against the stocks chart. Now, i have become pretty proficient at charting over the years but i rely on the work of professionals to learn techniques that i can in turn teach you. Thats why tonight i am picking the best of the best charts of some of the best technicians we patterns that become reliable to the point where im pretty astonished at how accu
Their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then
Is both antithetical to my traditional stock picking methods. I know from your feedback jimcramer on twitter that youre interested in this annual sills and its proven itself time and time again to get a lot of people involved at the right levels. Not for me as i explain and get rich carefully where i deaf vote a whole chapter to charting have i become a chartist myself. I single out stocks to research and i overlay them on my broader world view at the moment. Chartists could care less about this stuff, they often dont care what the company does. I wonder if they could do their jobs with the Companies Names blacked out. In fact, i am sure they could. Some of them hate the distraction of knowing much at all about a company for fear it would bias them against the stocks chart. Now, i have become pretty proficient at charting over the years but i rely on the work of professionals to learn teach you. Thats why tonight i am picking the best of the best charts of some of the best technicians
Even when things are tough and you make those mistakes. The rules protect against your own bad judgment. If youre going to make money using stocks because you just cant get much of return anywhere else these days, thats pretty much the case, youre doing to have to work harder with your money to do so. And that requires discipline. Discipline because once you start buying and selling stococ, you can make more mistakes than if you just do nothing with your money. If you do nothing with your money, you have a whole lot of nothing to show for it. Thats why were doing a show on how to trade and invest responsibly to make your money work for you. How to tend it, how to make it grow, what kind of gardners of money tonight, how to keep it growing from active money management. Its a sin and a lot of you practice it. I want you to do it right. Before we dig into the ways to hands on about it, i want to delve into a little psychology of stock ownership. One question im asking repeatedly, i go bac