So commented Richard Russell, editor of Dow Theory Letters, after the close of Monday's trading, in which the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,383, -18.97, -0.18%) finished a lackluster session with just an 18-point loss.
The prior trading session -- last Friday's -- was even less exciting, if that's possible: The Dow gained just 9 points that day, prompting Russell to say over the weekend that the market is on a "trip to a foggy nowhere."
Russell's recommendation to investors eager to nevertheless draw conclusions about what the market's recent squiggles mean for its near-term direction: "Avoid doing something stupid. Relax, read your local newspaper ... and take a walk. Accept the truism that the market isn't always saying something, and this is probably one of those times."
http://www.marketwatch.com/story/never-sell-a-dull-market-short-2010-02-23
Well I've said it before, trend player will fast surrendering themselves into hibernation as lack of trends. A value investor will probably needs to get busy reading annual reports, finding the next undervalued stock. But I agree with him on one point, don't do anything stupid.
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