Futures are higher this morning.
Not planning to make any serious decisions today, just manage risk through stop placement. Don’t drive yourself into an anxiety ridden state by monitoring every news flash about the “fiscal cliff” deal.
That said, yesterday’s selloff does show you how investor sentiment will move markets. Get people frightened, and they will ALL move for the exits at once. Stops in place, be careful, the trend is still UP… for now.
Check back this weekend. I plan to produce some video content that will make the case for traditional buy and hold investing, and make the case for market timing investing.
Be informed and understand the issues, so that you are prepared when a broker tells you that his clients are up 30% in their portfolio’s over the past few years.