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If you have talked to a stock broker or financial planner in the last few days I will bet they all agree that there are some great bargains out there and now is the time to start buying in anticipation that the market will go back up. You will also find agreement from the talking heads on CNBC and those talk radio station stock mavens. No one says sell. It looks like bottom pickers heaven.

A year ago when the Nasdaq was 2000 points higher they were telling you the same thing. Buy. Buy. Buy. If they are so smart to get you to buy now then why weren't they smart enough to tell you to sell when it was way up there? There are two basic rules for professional traders: never let a profitable trade go to a loss and never take a large loss. The talking heads are either not professionals or don't understand their business.

Since the beginning of the year the tech stocks have lost 34% and from last year they are down from the highs 65% and it looks like they are going lower. Isn't it time to end the bloodletting and sell? The problem with the small investor is he doesn't believe he has a loss until he sells. Wall Street has taught him that the market 'always comes back'. Folks, not this time.

All classes of mutual funds have posted losses in the first quarter of 2001 for the first time since 1980.

Has your broker or financial planner called you to sell out to go to the safe haven of a money market fund? I will bet he hasn't. Unfortunately these "experts" are not taught to protect your capital. They will watch their customers' account dwindle away 30%, 40% 50% and more and never do anything about it. It isn't their money. It is yours. You have to take the responsibility to guard it. The average broker has 300 clients. Unless you are a 7-figure account you will not receive any attention. Of the 77,000,000 mutual fund owners in the U.S. 80% of those accounts have less than $50,000. Their advice is either none or bad.

We know the economy is slowing down and has been since early last fall. The market was continuing to go up in anticipation and was ignoring underlying facts. The emotional enthusiasm was carrying it to new highs almost every day. Of course, Mr. Greenspan didn't help anything by raising interest rates when he should have known better. It is the brokers' job to sell stock and make commission, but it should also be his job to advise the neophyte investor to protect his capital.

The trend is your friend. The trend is down. It is still not too late to sell and put what's left of your cash in a money market account. Forget about your losses. That money is gone. You must protect what you have left. Never try to pick the bottom. There are no "bargains" at this level. Cash is the best position right now.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

In The News:

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AppleInsider
Big mutual funds loaded up on AAPL in Q3, some now worrying about growth
AppleInsider
Even smaller funds got in the act. Coatue Management grew its Apple stock holdings to over 884,000 shares, and Tiger Global Management now has over one million shares. Warren Buffett's Berkshire Hathaway increased its position in Apple by 522,802 ...

and more »

Zacks.com
Consider These 3 Mutual Funds From the JP Morgan Portfolio
Zacks.com
These are companies with market capitalization equivalent to those listed on the Russell 2000 Growth Index stocks and below $4 billion at the time of purchase. The fund seeks capital appreciation for the long run. JPMorgan Small Cap Growth Fund A has ...

and more »

Nasdaq
Is Conestoga Small Cap Investors (CCASX) a Strong Mutual Fund Pick Right Now?
Nasdaq
CCASX is one of many Small Cap Blend funds to choose from. Small Cap Blend mutual funds allow investors a way to diversify their funds among various types of small-cap stocks. These funds seek companies with market capitalization of less than $2 ...

and more »

U.S. News & World Report
How to Find Gender Equality Mutual Funds and ETFs
U.S. News & World Report
Or, if you don't know what you're looking for, you can filter by fund categories, families and types, and if it's diversified or labeled as socially responsible. You can also compare major fund managers to see how their mutual funds stack up on gender ...

Business Insider
Investing titans Fidelity, Janus Henderson, and JPMorgan loaded up on Apple stock — then it tanked 15%
Business Insider
Mutual fund Fidelity added 7 million shares during the quarter ended in September, Reuters reported, bringing its total holdings to about 111 million shares. Philippe Laffont's Coatue Management raised its Apple exposure by a massive 938% to 884,321 ...

and more »

Barron's
Betting on Stock Size Isn't Working the Way It Once Did
Barron's
This is echoed by Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA, “Investors need to have both [large-caps and small-caps] in their portfolio, instead of having just one and sticking with it,” he explains. One way to avoid ...

Investor's Business Daily
After Sour October, Fund Managers Gird For More Volatility, Trim Stocks
Investor's Business Daily
Ouch! That summarizes the shrinking performance by the stock market and U.S. diversified stock mutual funds in October. The stock market forecast? Fearing volatility ahead, money managers and strategists are flashing yellow warning signs about the ...

Nasdaq
Consider These 3 Dimensional Mutual Funds for Striking Gains
Zacks.com
Below we share with you three top-ranked Dimensional mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Dimensional funds.
Consider These 3 Dimensional Mutual Funds for Striking Gains ...Nasdaq

all 2 news articles »

Planning for mutual fund capital gains
Foster's Daily Democrat
It's year-end tax planning time, and this year it may pay off more than ever to take a close look at the mutual funds in your portfolio to ensure there are no surprises when filing your 2018 tax return. The long bull market in stocks has many actively ...

Investor's Business Daily
Shorting A Stock: Short Selling Carries Big Risks, Offers Big Returns
Investor's Business Daily
In most cases there is a ready supply of securities to be borrowed, held by pension funds, mutual funds and other investors. Sometimes shares aren't available to short. That could be because all the shares that are lendable are borrowed and already ...

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