Quote of the Week 7/14/08 ~ market folly

Monday, July 14, 2008

Quote of the Week 7/14/08

The Quote of the Week this time around is an oldie but goodie. Simply put,

"The trend is your friend."

Until the trend breaks, ride it. Once it breaks, get the hell out. And, Kevin's Market Blog has a great chart which illustrates exactly that point. What chart might it be? Oh that's right... crude oil.

(click to enlarge)