I would like your opinion on why it seems like most financial professional commentators (incl. analysts, strategists, writers, et al) loath to say "sell." I am not referring to analyst recommendations, but rather general investment advice provided by them. Meaning, that during the stock boom of the 90s, most said that to get those great returns, you'd should be fully invested. They had no qualms to tout what great buys were available. When Qualcomm was projected to hit $1000, most declared it was a good buy then. Even when such stocks have fallen precipitously over the past few years, most said to hold on. I remember when the Nasdaq was at ~3000, and yet commentators said it was merely a correction and that investors should hold on. When it reached ~2000, they said to not give up because there might be a decent rebound just around the corner. Now, when it is near ~1300, they say it is too late to sell and that it would be a mistake to get out now. Because you might then miss a bump up in price.
How, can an investor digest these people's advice, especially when they are so unidirectional aka permabulls. Why have I never heard a commentator that instead of buying they should short a particular company instead? Or rather than say what you like what you'd avoid?
the system prospers on ever increasing cash flow. easy money, not religion, is the opiate of the masses.
when selling pays as much as buying, they'll be all over it. that's when you start going long.