01-03-2009, 03:56 AM
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Member
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Join Date: Dec 2008
Posts: 53
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Thanks good post
Quote:
Originally Posted by sunilpal
4. Buy low, sell high
This advice seems obvious, but investors always ignore it. The demand curve for investment assets is like that for a luxury good -- the higher the price, the greater the demand.
Hence we see turnover rising during a bull market and falling during a bear market. Investors should always be prepared to act contrary to the market.
Image: A Diwali message on the Nasdaq Stock Market tower at Times Square in New York. | Photograph: Rob Tannenbaum, Nasdaq
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