Haight’s Brokerage Law
When the market is stable it is a good time to buy, but when it is going up, buy quickly to catch the rising tide. When the market is going down, however, it is a good time to buy, as it will soon turn up. When it has been going down for some time (”crash” is a nasty word, not to be used) it must be at the bottom, and can only go up so BUY BUY BUY. Bye-bye!
Greenberg’s Corollary. Don’t ask the barber if you need a haircut (Daniel Greenberg the Wall Street Journal September 18th 1977).
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