Chasing Value: Don't Be Happy -- Worry!

Filed under: International Markets, Apple Inc (AAPL), China, AT and T (T), Verizon Communications (VZ), Chasing Value[TM], Telefonica SA (TEF)

What a terrible message for the holiday season, with consumers swooping up bargains, lines at the Apple, Inc. (AAPL) Store, the stock market only going up, and a majority of economic prognosticators simply glowing at the prospects for 2011. Perhaps it is contrarians that should follow the "don't ask, don't tell" military rule just signed out of existence by president Obama today.



Unfortunately I can't help myself. I have to ask, I have to tell. When I see everyone get too giddy, I start to put on the breaks and slow down. It is not that I wish unhappiness upon people. I just want them to refrain from being lemmings. Some percentage of the market's upswing is short covering, and some can be attributed to momentum investors and market timers (big mistake) but that is 100% speculation and zero percent investing.

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Chasing Value: Don't Be Happy -- Worry! originally appeared on BloggingStocks on Wed, 22 Dec 2010 16:40:00 EST. Please see our terms for use of feeds.

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