I prefer to think a correction in the big indexes are due, but when to short those SPYDRs or DIAs? I'm just glad I didn't.
Options can only provide so much cover, till the time value catches up.
So, I say on the chart side yes, correction is due, but when I look a the reality of foreign money pouring back in; the entire fiscal cliff was a sham, $85B was nothing; closing the White house tours looked punk.
Faith is restored....if we have all this natural gas.
So, they don't tell us, but I do see big European companies building Natural Gas recovery operations here in the US. So, all in all. It looks good.
OTH, it is the beginning of the North Hemi fighting season. (tm) And War will crash a market faster than a Jinga stack. (another time to put all the money in after that crash)
So, why worry. Dollar cost average into dividend paying stocks and re-invest the dividends. Try for 6 month dividends payouts.
Get Coke-a-Cola and a good wide brush of others. Do some study. Just get a few shares, at first. Get the ball rolling. Even buy straight for from the company for no commission. I just use Charles Schwab to make it easy and automatic.
Now, make this an IRA, and add bits of your disposable income constantly and regularly for years.
So, don't worry. Sit back for 6 months, a year, and see what happens.
When the market is high, Coke pays a dividend on the price of the stock. Nice good. Then the stock heads down, the reinvest occurs. More Coke gets bought, automatically at a low price with the high dividend payout. The investors in these stable payers do that shifting of the prices for us. We just ride along.
If you wonder how people get rich with no worry, this is it. It takes patience, diligence (your money) but no worry. It brings information and, to understand it, more intelligence.
And the ladies will love you for it.
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