Investment & Finance Thread (week Aug. 17 - Aug. 23 edition)

Alternate Title:  UPTREND SPECIAL EDITION!  

That's right, last Thursday IBD announced that NASDAQ had its "follow-through-day"  so investors in the driver's seat just saw the light turn green.  That said, we also know that nobody walks across a one-way street without looking both ways, and even though the signs say 'buy' here's what they've been saying so far this year--

 --and this is the problem we got driving down the road while only being able to look out the back window.\

Remember these market designations are not arbitrary, they're signals proven with decades of research.   That said, we're still looking at a market where price trends have not yet proven themselves.  We've gotten so many false signals this year that a person would've done better by buying on the 'corrections' and selling when uptrends begain.

Of course, if we're concluding that past patterns don't mean anything for seeing the future, then to be honest we'd also have to admit that simply being contrary promises nothing.

OK, so imho 'honesty' is highly over-rated.

Maybe our bottom line here is that it's IBD's job to show what usually has happened before when stuff looking like today's headlines popped up --and truth betold they do it superbly.  When it comes to guarding our family's wealth and keeping the kids fed, well that's our job.  It means we can still learn form folks like NEWSMAX/FINANCE, IBD, WSJ, but we also need to kick those guys around on this thread too...