Rico says that, a couple of years back, he sent a rocket email to all his investing friends, telling them that, because the Dow was at 11,111, it was imperative that they dump all their stock immediately.
No one did, of course, because what could Rico possibly know?
Not even a year later, after hitting nearly 14,000 (and seemingly proving me wrong), the market took a hell of a dive, down to almost 7,000.
Nineteen months later, it's just breaking 11,000 again.
You can do the math, but anything you might've gained from hanging on between 11,111 and 13,390 would've been eaten by the drop to 7,062.Maybe next time you'll listen...
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