Stocks continue to move higher. But you’re on the sidelines.
Your worry list is just about full. The economy isn’t looking all that great. And you’re not sure what to make of it all.
That’s why I want you to take a step back. There’s something you need to know…
You don’t have to marry the market.
There’s no curfew. Or schedule. You can come and go as you please. And you don’t have to throw all your chips on the table. You just have to learn how to embrace the “cautious bull” that is unfolding before your very eyes.
You do not have to become emotionally invested in the market’s upward trajectory. Acknowledge the bad with the good. Don’t become overly-attached the market’s gains. We live in a complex world — and 13 years of sideways, choppy bear market action have left us with a metric ton of conflicting data…
Consider this (abbreviated) worry list:
Household income has fallen to a decade low…
Securities margin debt is hitting fresh highs this year…
Insider selling is way up…
…While short-selling is hitting new lows.
Of course, this is just a very, very brief explanation of the countless obstacles facing the markets today. But you get the idea.
The time to sell will come when your list of concerns becomes shorter and shorter. For now, this wall of worry is built on a sturdy foundation.
Acknowledge the uncertainty. But don’t be afraid to buy quality stocks in this environment. A “cautious bull” can make money if he keeps his emotions (and worries) in check.
One More Thing…
Maybe you’ve seen the Harlem Shake? If not, look it up. It’s the dumbest dance craze known to man. Well, maybe the “Macarena” is worse. You’ll have to come to your own conclusion.
Nonetheless, we’ve created our own version. We’re calling it the “DC Shake(down.)” Ben Bernanke makes an appearance. So do Obama, drone-lover Eric Holder, and others. Check it out right here. And make sure you forward to all your friends and family. The younger, hipper ones you know should love it:
Greg Guenthnerfor The Daily Reckoning
Greg Guenthner, CMT, is the editor of the Daily Reckoning’s Rude Awakening. He is also a contributor to Agora Financial’s Trend Playbook, a free resource for trend followers and technical traders. Greg is a member of the Market Technicians Association and holds the Chartered Market Technician designation.
You’re saying… nothing.
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