Today marks the end of the 1st Quarter of trading for 2012. The markets have seemingly been in rally mode for the past four months and to this day have not shown any clear signs of breaking down and reversing course. The media has been hooting and hollering that the short-term top is here and that investors should been running for the exits. Well, the stock market generally does not rise or fall when everyone expects it to do so. For this reason, please try and block out the noise of the media who are paid to create stories and spin information around. If there’s a change in your situation, you’ll want to consult with your financial advisor, but otherwise it’s generally a good idea to stick with your plan.
To quote Jessie Livermore-- (Famous Investor)
“They say you never go broke taking profits. No you don’t. But neither do you grow rich taking a four-point profit in a bull market.”
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
JPT033012-553
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