Worrying about market.......

Everyone sweats about where market is heading on an hourly basis......

Thanks to CNBC we are expected to sell everything every five minute and buy everything next day......IF you have been "religiously doing that"..I am sure you have run out of most of your equity & HATE stock market by now......

BUT....the question is ....WHY you have to be glued to CNBC?

I personally do NOT have CNBC in my TV lineup for over one year......

Do I miss anything from CNBC?

YES...all the FRUSTRATION & FRENZY of Buy & Sell every 5 mts......

SO...I do NOT miss CNBC for one second...as I am left alone to do my research & follow my plans for my portfolio.....PLUS my NERVES are CALM & AM composed........

Markets are going nowhere for many years now.......

S&P 500 is back where it was in Sep of 08 ..which means no gains in 17 months......

In October 2001..S&P 500 also was @ current level...means no gain in last 8+ years.......

NOW..you MAY wonder about the LOGIC of investing in markets ???

YES..it IS a good question to ponder.......?????

The real answer IS......INDEX do NOT make you money but good quality stocks DO.......

SO...do NOT get frustrated with S&P 500 "hyper-analysis" done almost hourly on CNBC....

S&P 500 may not be going anywhere..BUT many stocks are going sky high IF you show CONVICTION & monitor fundamentals closely.......

Have you monitored GOOG,AAPL,BIDU,FSLR,ISRG,RIMM.....as to how FAR they have moved UP while S&P 500 is going nowhere.....

Individual stocks is where FOCUS should be NOT on CNBC or S&P 500....I know for most CNBC is an ADDICTION and cannot live without it.....BUT one has to KNOW the HAZARD of being fixated with 5 mt trading concept which they PUSH every single day........

Most of the individual stocks I have listed have gone UP several 100% while S&P 500 has not moved in 8+ years.......????

That is where your OWN investing/trading rules needs to come in play.......

There is NO right or WRONG way to invest/trade...you CAN do monthly contribution to your ideas or trade with any system in place like technicals.... be it RSI,BB,MACD,STOCHASTICS,Put/Call ratio or MA........BUT stick to one or a COMBINATION of indicators......

I can ASSURE you ..no matter what system you come up with...it will be severely challenged by market & will test your own CONVICTION.......BUT staying the course will be far more beneficial than following CNBC or REACTING to every NEWS?????

SO..I stay the course for the most part ..just TINKER my exposure based on NOISE.....

Here is my $/ sector allocation as of Friday close :

TSL 23.11%..Solar fully Integrated
IAG 16.57%...Gold Mining
APWR 16.23%..AE/Wind Turbine
PALM 15.38%..Tech/Smartphone
TC 14.75%...Molybdenum Mining
SLW 13.96%..Silver Reseller

As..you can see..that i am not in sexy names ....sometimes boring is better...based on market conditions.....

BLOG does NOT give buy or sell.

Saleem