One of my most respected critics recently chastised me about the length and
complexity of my releases and I do admit that, in my efforts to simplify the
difficult and untangle the complex, I often become long winded and complicated
myself! See, I've gone and done it again! The KISS principle will be applied to
this release, I promise. Here goes, and it ain't easy.

An "up" market is Good. A "down" market is Bad. "Sideways", "mixed", &
"lackluster" markets are boring and increase the level of uncertainty. Similar
observations are often made with regard to Interest Rates, and the vast majority
of
investors/speculators would certainly agree. Volumes have been written either
on what to do or not to do in response to these observations, but most are
clearly wrong! Let's erase a century of Wall Street's "Conventional Wisdom" in
one fell swoop. The Market is neither good nor bad...It Just Is!

An "up" market is only good if you have purchased securities when the market
was down (when the media labeled it "bad"). Then you have the opportunity to
profit from your brilliance by selling securities that have risen in price. It
is totally normal that not all securities rise at the same rate during an "up"
market, but most high quality securities will. The fact that your portfolio
"Market Value" has risen is meaningless unless it becomes a call to action,
profit taking action is always "good". Your Wall Street person will be
screaming:
BUY!

A "down" market is never bad (in a properly designed portfolio)! The doom and
gloom spewed out by Wall Street and the Financial Media when the market
averages fall, even for as short a period as a few months, is comical at best.
This is the "model year clearance sale" of the financial markets, and an
opportunity to fill up those shopping carts. But as the cash dries up, what
then? A
properly designed portfolio includes cash flow. The fact that your Brokerage
Statement reflects a smaller value than in months before is meaningless unless
it
becomes a call to action, bargain hunting action is always "good". Wall
Street wisdom will be SELL, or SWITCH!

"Sideways", "mixed", & "lackluster" markets certainly are boring, but most of
all, they require the patience and discipline to wait for the opportunities
that will be created by either of the other "good" market types. As to the
level of "uncertainty"? There is no such thing as certainty in the markets, so
why
bother with that at all. The stock market will never stay boring for long,
and two things that you can be relatively "certain" of are that: it will never
be (Wall Street) "bad" or "good" forever, and the advice you get from the
average Wall Street affiliated professional of any variety will be wrong.

Steve Selengut
steve@...
800-245-0494
-----------------------------------------------
Author: "The Brainwashing of the American Investor: The Book that Wall Street
Does Not Want YOU to Read"


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