Archive for the ‘Money @ Work’ Category

Washington Mutual: RMA in the red zone indicating extreme weakness.

Bernard Baruch once said, “I got rich by taking profits too early.” Yet for generations, traders and investors have ignored his advice, preferring to buy late in the game on the way up or court danger (”Mao Xian” in Mandarin) by rushing into value traps early in a decline.

To quote a popular blogger that rushed into financials in search of value:
Read the rest of this entry »