the biggest ever market con, page-3

Hi Grant,

I wouldn't hold that guy's views up as gospel.

Seems to me he's simply saying that every downmove is a buying opportunity for savvy traders, and than a lot of the market is set up.

I have real trouble with his 'every', not with markets being set up nor with smart traders trading smart.

To profit, you either need to be really quick on the buy sell trigger, or to be buying at close to the bottom of a down move.

Of concern for mine is what happens if the down move simply continues generally down, albeit with minor corrections on the fall. Smart and quick traders can make money( but most traders are not smart traders). Everyone else will lose.

I'm being repetitious I know, but following a real crash it can take 40 years or more for even the best stocks to get back merely to their pre-crash prices. It certainly did after the 29/32 crash. Why should the next one be any different .... that's rhetorical only!

jmo

dub