Salient to Investors:
David Moenning at Heritage Capital Mgmt writes:
- Stocks are at all-time highs, and when stocks break to new all-time highs, it generally pays to buy the dips, not call a top.
- Why this market is rising is unknowable, so to catch the big moves early a trend-following game is the only way to go. Unlike other indicators, price cannot be wrong. With a price-based system, price moving up is always a good thing for long-only investors and price moving down is bad.
Read the full article at http://seekingalpha.com/article/1545912-daily-state-of-the-markets-lesson-learned-price-cannot-deviate-from-itself?source=email_macro_view&ifp=0
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