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Do Not Fear Missing Out on this Rally - Mike Swanson (06/15/09)

Submitted by Mike Swanson on Mon, 2009-06-15 07:27.

Do not fear missing out on this rally. The market is down this morning and you may be tempted to buy. If you want to buy simply because you think the market may go up more without you THEN DO NO DO IT!!!!

Do not buy simply because they are telling you to buy right now on TV. The Investors Intelligence survey out last week shows a wild collapse in the number of bears and increase in bulls. There are less bears now in the stock market then at anytime last year. What this means is that the masses have bought into the rally and the people now buying are doing so chasing performance and in fear of missing out.

TV is fanning these fears and making you uneasy. DO NOT WORRY ABOUT MISSING OUT. Let me show you why.

I put together this video about strategies for going long stocks and some sectors I'm looking at as potential buys later this year depending on what happens with the stock market.

DO NOT BUY ANYTHING I show in this video right now. I do not believe this is a good time to be buying any of the things I mention and if you do you will likely lose money. I'm just trying to show some examples and things I'm watching. There is a time to buy, it just isn't right this second. I'm just trying to give you good information and basic trading strategies so you can learn how to do things right and not just do things, because the TV tells you to do them.

You can also watch this video in lower quality on youtube by clicking here - stock market rally video.




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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.

Now I cannot promise you that every stock I find will go up in value. I can’t promise you endless 100% returns as others claim they do and as all the disclaimers say past performance does not necessarily predict future performance and you can lose all of your money in the stock market.

This is reality.

What I can promise you is my dedication to doing the best I can for you.

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So join my list below and let me help guide you on your journey in the stock market.