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DJIA's above 14,000! What to do?

Saturday, February 2, 2013

The Dow Jones ended above 14,000 points for the first time in more than 5 years! Could it go higher? Are retail investors coming back in a big way?

"I would say in the 30 years I've been watching it, this is the least amount of retail interest waiting for a pullback, or waiting to jump in that I've ever seen," said Scott Wren, senior equity strategist at Wells Fargo Advisors, which focuses on retail investors. "Probably and unfortunately for a lot, it's going to be a lot higher before they get in."

Wren said the move to 14,000 is at most psychological and won't be that important to disenfranchised investors. "When you run into people at parties, unless they're in the business ... the stock market isn't even a point of discussion. There's very little conversation. There's very little excitement about the market," he said. "It feels to me like there's a little bit of chasing going on, but not very much at all. I don't expect it any time soon."

Source: Yahoo! Finance.



We are but frogs in wells. We see what we believe to be real.

As long as there are still investors out there who are sceptical of the stock market, who are heavy in bonds and cash for their perceived safety, there is room for stocks to go even higher. When everyone is bullish on stocks, when there is no one left who would stay away from the stock market, then, the fuel is spent.

So, pick out a few good stocks which are still undervalued and hold on to them. However, this does not mean that we should avoid trading for some short term gains in the meantime. After all, share prices climb a wall of worries in an uptrend and do not go up in a straight line.

Related post:
1. Noises, voices and choices.
2. Be comfortable with being invested.
3. Tea with AK71: A frog in a well.

10 comments:

Anonymous said...

HA! HA!
i don't care. i am slowly and surely selling my way out of the market since 2010. A bit too early then. Can anyone say that in 2010?
You say WHAT? Louder! i can't hear!

AK71 said...

Hi temperament,

Haha.. Well, the caption in the drawing above says it all, we see our own patch of the sky. We do what we believe is right. :)

seefei said...

Yup, everyone has their own agenda. i have friends who believe the share market is the route to wealth destruction.

Why? Because they got their fingers burnt when Malaysia Bursa cancelled the CLOB trading 20 years ago.

But they still dabble in short term trading in SGX now. They just treat the the market as a big casino. However, they only trade in blue chips. Why? Because it is safer, according to my friends. Ironical but true.

AK71 said...

Hi seefei,

Ah, CLOB. I lost a few thousand dollars in that saga too. :(

I know people who trade stocks of the three local banks in Singapore and nothing else, actually. ;p

Well, if they make money and are happy, nothing wrong or is there?

seefei said...

there is nothing wrong with different views. Just that my friends and I are doing the same activity but from different motivation. But i just felt weird when they was trying to advise me to be careful of the stock market and repeating ad nauseam their CLOB loss. Maybe we are getting on in age LOL.

Well not many investors escaped the CLOB. I was one of the lucky ones. I sold my Malaysia portfolio after the riots in Indonesia started in 96 and spared the loss.

AK71 said...

Hi seefei,

Oh, yes. We are all growing older and with age comes some quirks.

I tend to repeat myself quite a bit these days as well. I just have to hope I don't get on the nerves of anyone doing it.

I do try to be more conscious of what I am doing, of course, because I used to feel irritated by my elders' behaviour. Now, I see myself doing some of the things they used to do to me. Hahaha... Sigh.

seefei said...

DJ at 14000? Time to be more cowboy I guess. I used to invest in a stock providing electricity in the Phillipines called Vander Horst. It has since changed its business model and if the same management is running It I am sure it can work some magic. Interra Resource is the renamed VDH. I am looking at this stock and if pass my FA test may start to initiate a position.

AK, if you find this comment inappropriate please delete it. Just thinking aloud here LoL

AK71 said...

Hi seefei,

Ah, I see I am not the only person who has a problem of talking to himself...

Garfield75 said...

The bull has run out of steam liao....

AK71 said...

Hi Garfield75,

Could be the case. :)


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