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A Word to the Wise

What a slow day. Well, not a slow work day – we’re swamped – but as far as things to write about are concerned… well, how many times can you say that Europe is screwed and Facebook is bunk, anyway? No, instead of rehashing the same tired song and dance, we decided to be even more cliché, which turned into a compilation of financial clichés. Typically, this would mean we’d gotten slap happy, but with a group called Loyal3 launching a service today that will allow Facebook users to buy stock in their favorite companies off of the companies’ Facebook pages… who knows? Maybe we need the reminder.

  • Trees don’t grow to the sky.
  • You’ll run out of money before the market returns to normal.
  • Markets can remain irrational longer than you can remain solvent.
  • Buy the rumor, sell the fact.
  • Don’t fight the Fed.
  • Systems don’t break, they just get more risky.
  • The easiest way to get $1 million in your account is to start with $2 million.
  • Never try to catch a falling knife.
  • If you’re planning to panic, panic now.
  • You’ll never go broke taking profits.
  • Sell to the greedy, buy from the fearful.
  • If you can’t sleep, sell.
  • Economic analysts have predicted seven of the last three recessions.
  • Don’t fall in love with a stock.
  • Sell in May and go away.
  • Buy to the sound of cannons; sell to the sound of trumpets.
  • Bulls and Bears make money. Pigs get slaughtered.
  • A profit is only a profit when you’ve banked it.
  • Never short a dull market.
  • The market doesn’t move in a straight line.

Any we missed? What’s your favorite?