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Shaking Out the Weak Hands

By Charles Payne, CEO & Principal Analyst

So, what’s up with the extra volatility?  I think this is a deliberate attempt to scare investors out of the market. As fresh money comes into equities, there are powerful folks who pull strings, and they understand how to manipulate the emotions of unconfident people who have waited a long time to jump into the fray.

Knowing the psychology of buyer’s remorse and also knowing a large swath of people on the sidelines are going to dive in at Dow 30,000. Right now is the time to shake out weaker hands, hence the wild gyrations this week.

Hold the Line

Obviously, markets go up and down, but I continue to caution you not to be shaken out of the market.  Take profits when individual stories change; more importantly, take losses for that same reason. However, don’t allow the masters of the universe that have largely missed this rally buy the dips created from shaking you out of the market.

Charles Payne
Wall Street Strategies


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