Here’s another reason why you can’t listen to financial experts.
Recently, the short term moving averages on the S&P 500 are starting to move above the longer term (200 day) moving averages. This, according to financial experts, suggests that the stock market move is real. Huh? The S&P is up 40% from the lows and now you tell me it’s for real? If I waited for this, I would be missing a huge chunk of the move!
Then, in the same article, the experts says that if there’s a reversion (ie, the stock market goes back down), it will send fear that this is a bull run in a longer term bear market [1]. Ehh okay…
“Once you regain the trend, you don’t want to give it up,” says one of the financial experts. Yup. I got it. Awesome advice.