When Not To Buy Stocks
There are times when stocks should not be bought, and that is when
nearly all stocks have advanced beyond their real values. It is doubtful
if there ever is a time when all stocks have advanced beyond their real
values, but when the great majority of stocks have so advanced, there is
likely to be a general decline in all stock prices. The stocks that are
not selling too high will decline some in sympathy with the others.
from buying for any great length of time. There usually are some good
opportunities if you watch carefully for them. It is our business to
that we advise our clients to refrain from buying for a while. See