There Can Be Only One

It appears that my instinct to do nothing over the past few months has been correct. Although the world was scheduled to end at the end of last week, it did not happen. Central banks around the globe made just the right announcements and struck just the right tone to reassure equity investors. As a result, we have rallied nicely. China cut rates this morning, and that had everyone excited in the early hours.

A lucky few may have gotten the swings correct over the past few weeks, but in the main, I suspect that a lot of money has been lost by trying to guess the stock market's recent gyrations. Staying the course has exposed us to some volatility, but we are pretty much even at this point. I like what I own and see no compelling reason to buy aggressively....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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