The Jailhouse

[NorthWesterner]

If you're not watching CSCO and the
NDX then what are you watching?

Personally, I'm watching the stocks I own and the stocks on my watch list. I could care less what the market does. I buy stocks, not the market.

And I don't watch the prices on my own stocks every day. Once a week is a lot; once a month is fine. Of course I keep an eye out for news on them, but if I've done a good job of picking the stocks, there won't be any significant surprises.

No matter what the market does, some stocks will go up and some will god own. Even on the market's worst days, some stocks go up; even on its best days, some stocks will go down.

So to me, as a long term investor in a limited number of stocks, the market as a whole is largely irrelevant.

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The cheaper the paper, the more important the information. Peter Lynch.