The Day Ahead: Sitting Tight in Bear Country

As investors, we should not be putting a great deal of emphasis on institutional investors and their whale accounts. The fact is, thanks to a robust research budget and contact network, these accounts have probably gotten in at a significantly cheaper level than you've been able to do. Do these "institutional accounts" move the market? Obviously. Is a read-through of Investor's Business Daily helpful in determining which stocks the big guys are nibbling? Yep. It also makes stock selection a wee bit easier when you study whale allocation in terms of sector and style.

But there are two primary parts of investing in which I put my faith: companies and their actual results. These are what set the path for whales their top accounts and price action, as this is a truth-teller in real time. It's then wise to take these focus points and bolt them on to a healthy inspection of the larger macroeconomic picture. I think that, if you approach the market in the manner, it's put up or shut up time right now....640 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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