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<p>[QUOTE="medoraman, post: 1111581, member: 26302"]I would say the need to watch the common press is important, mainly as a contra indicator. Honestly, over the years, the worst I felt in my stomach about an investment, but thought it was right in my head, has always turned out to be the best. A couple of years ago when the market crashed, putting money in, then the market going down more, so I put more in, not easy to do when the media is constantly screaming the world is coming to an end. However, it was the media scraming about how horrible it was that convinced my brain that putting more money in IS the right thing to do.</p><p><br /></p><p>Same today, the higher the volume that oil and PM's will hit highs 2, 3, or 4 times higher than today convinces me there will be room for it to fall in the future, and maybe fall quickly. I may not time it perfect, but I think I will have the correct direction. I remember the late 70's, the screaming just getting shriller and shriller. REversion to the mean is an extremely powerful force that is very hard to avoid. I invest on that principal.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1111581, member: 26302"]I would say the need to watch the common press is important, mainly as a contra indicator. Honestly, over the years, the worst I felt in my stomach about an investment, but thought it was right in my head, has always turned out to be the best. A couple of years ago when the market crashed, putting money in, then the market going down more, so I put more in, not easy to do when the media is constantly screaming the world is coming to an end. However, it was the media scraming about how horrible it was that convinced my brain that putting more money in IS the right thing to do. Same today, the higher the volume that oil and PM's will hit highs 2, 3, or 4 times higher than today convinces me there will be room for it to fall in the future, and maybe fall quickly. I may not time it perfect, but I think I will have the correct direction. I remember the late 70's, the screaming just getting shriller and shriller. REversion to the mean is an extremely powerful force that is very hard to avoid. I invest on that principal.[/QUOTE]
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