[pro-player width=’530′ height=’253′ type=’video’]http://www.youtube.com/watch?v=HiW2-hygtzU[/pro-player]
I’m not being rude when I say this guy is one-eyed about stock … apparently, his Canadian ‘friends’ call him “The Pirate” 🙂
He gives a nice explanation that stocks follow interest rates, more so than the general economy (as measured by GDP growth) … but, in his next video he gives 5 rules, the only one of which really makes practical sense to me: FWO
Fundamentals Will Out
This means, that no matter what crazy gyrations the market may undertake in the short-term, over the long-term the fundamentals will ultimately decide which way stock prices go: buy on value!
Interesting. Have you checked out his claims here to see if they hold water?
Sounds pretty reasonable .
I remember days when my Dad could get 10 or more on IRA accounts at the local bank. Look at them now?