A Funny Thing Happened On The Way To The Stock Market
Posted by Charles M O'Melia on: 2005-08-15 14:29:13
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A Funny Thing Happened on the Way to the Stock Market
On the 40 year journey through the turmoil of a volatile stock
market I’ve noticed “P/E Ratios,” “Consensus Estimates,” “
Bull and Bear Markets,” stock ratings of 1, 2, 3, 4, 5, star
ratings of 1, 2, 3, 4, 5. Also, stock ratings of “buy,”
“strong buy,” “sell,” “hold;” stock rankings of “market
perform,” “market outperform,” “market underperform,” “market
underweight,” “market overweight,” “market equalweight” and
“market neutral.”
And there’s more! The 40 year journey includes as well terms
like “Relative Strength Indexes (RSI),” “Bollinger Bands,” 10,
20, 50 and 200 day “moving averages,” “short and long
positions,” charting services, margin accounts, point and
figure charting.
Whew! Let’s see, “butterfly spreads,” “option calls and
puts,” “triple bottom and tops,” “head and shoulder
formations,” “pennants,” “flags,” “cup and saucer formations,”
“wedges,” “necklines,” “ascending triangles,” and a partridge
in a pear tree.
Never has so much been written that has so little meaning for
the long-term, dollar-cost-averaging, buying investor of
company shares that have a historical record of raising their
dividends year after year after year.
“The art of being wise is the art of knowing what to
overlook.” - William James
There is really only one word that insures successful
investing in the stock market, and for that matter, success
for any endeavor, and that one word or option or rating is
“desire.”
The desire to be a success is a force that will negate all the
“charts,” “ ratings,” “consensus estimates,” “P/E ratios,”
“moving averages,” “ascending triangles,” and, even a
partridge in a pear tree.
To read the PREFACE from the book ‘The Stockopoly Plan-
Investing for Retirement’ visit:
http://www.thestockopolyplan.com
About the Author
Charles M. O’Melia is an individual investor with almost 40
years of experience and passion for the stock market. The
author of the book ‘The Stockopoly Plan’; published by
American-Book Publishing. You can invest in the book at
http://www.pdbookstore.com/comfiles/pages/CharlesMOMelia.shtml