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Written by Equedia
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Monday, 14 March 2011 01:00 |
A lot of profits have been made in the market since last September. Does it surprise me that the markets took a major step back on Thursday, when practically all of the gains made since late January were wiped out in a single day?
Are you surprised?
The classic "play-it-safe" mentality would tell you that anytime an investor doubles his money, he should sell half of it, and let the rest of it ride. Both the S & P and Dow have practically doubled since the crash. If you're not already defensive, then you may want to reconsider.
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