Consequences of breaking of long term trendlines

Posted on Dec 13, 2009 by in Letters

The Consequences of Broken Long Term Trendlines

As if investors didn’t have enough to worry about for the holidays here is one more concern.

In general it is our practice to respond to events in the market, rather than trying to anticipate them.  This may be looked at as letting the market dictate what should be done, rather than dictating to the market (a notoriously stubborn and unreliable conversationalist).

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