A Market On Tilt

Last week, we witnessed a bit of a comeback in stocks, as the Dow, S&P 500 and NASDAQ Composite all managed to log their first winning week in many months.

Yet in a testament to the tremendous volatility and fear inherent in this market, stocks fell sharply late in Tuesday’s session, and again at the midway point of Wednesday’s trading.

The chart below of the S&P 500 clearly shows that despite a few bullish days last week, this market still is very much on tilt.

For those of you who don’t know the lingo, "on tilt" in poker parlance is a term used to describe what happens when a player lets emotions cloud his or her poker judgment. And while Wall Street may have great reasons for going on tilt lately, there is no denying that emotion and fear have played a big role in this current market sell-off.

All year long, I have warned you to steer clear of this volatile, emotional and on-tilt market, and if you have heeded my warnings you’re likely sitting with a lot of cash. I know that it’s tempting right now to think that this may be a market bottom, and that now is the time to buy, but I caution against that line of thinking.

This market still could go a lot lower, and although I do think we are coming closer to the point where the market has bottomed, I can’t say that we are there yet.

So, when will you know when to get back into stocks? Simple, it’s by having a proven plan that tells you when the waters are safe again. That plan is the backbone of my Successful Investing advisory service, and it’s the same plan that got us out of the market right before the 1987 market crash — and the 2008 market crash.

Why not let this proven method work for you? To find out more about my Successful Investing advisory service, click here.