目前的形势和我们的任务

The Dow Jones had the best day in many years. All other major indexes performed equally well. A lopsided day like today usually changes the market psychology. The bulls will overrun the bears to take charge of the market from now on. Market research shows that the stock market often moves higher 1 month, 3 months, and 6 months after such a day. History repeats itself frequently. I have no reason to believe that it will be different this time. So my outlook for the market is decidedly bullish in the next several months.

If you have misjudged the market in the last several weeks, it’s time to make the change. Holding onto your own wrong views will not get you anywhere. The market is never wrong. Nobody can win by fighting the trend.

As market participants, our job is to find the stocks and funds that can appreciate the most. As I mentioned a few days ago, great stocks can shine even in deep market sell-offs. Buying strong stocks with improving business prospect is always a winning strategy. Since the beginning of the year, large cap growth stocks have been outperforming all others. So stay with growth and stay with large cap. I believe this trend will probably continue in the foreseeable future.

Happy investing to all!