Need Some More Pessimism

Many of my recent studies and research efforts have driven home one very important point for investors. Sir John Templeton was never more correct than when he said to buy at the point of maximum pessimism. Back in late 2008 and 2009 no one wanted to buy stocks of any kind. Fundamentally sound, cheap stocks bought in that time period have soared even further than the recovering stock market.

In 2000 to 2004 no one wanted to buy anything tech related. Tech stock bought below cash and tech-related debt securities have soared by hundreds of times the original purchase price for brave investors. Millions of bytes of computing power and some brilliant people spend hours every day studying each tick of the market looking for an edge and I am not sure they outperform those steely-eyed souls who truly buy when there is blood in the streets....544 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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