Sunday, October 22, 2006
Good point Tom,
Tom Sullivan of KFBK radio made an excellent point on his show. He said that that a lot of investors fail to understand the logic of buying and selling. A lot of investors want to get out of the market when prices of stocks drop and they wish to get into the stock market once prices go up. As Tom correctly pointed out it should be the exact opposite; people should act the same way towards prices on Wall Street as they do towards prices at Macy's. In other words buy when the price is low, don't panic. Common sense helps a lot in Capitalist countries.