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Making decisions with imperfect information is the norm for professional investors.  It isn’t just connecting dots; it is seeing the picture with only a few of the dots in the first place.  [...]

Good long-term investors never like to have a lot of company.  They usually prefer their own counsel and have found through experience that unanimity of opinions usually indicate danger.  When [...]

Investors and other observers are watching a monumental clash between buyers and sellers.  Each is trying to get the upper-hand.  Some days the battle goes back and forth with the Dow averages [...]

The range in this case is a stock market bound at the top by the December highs and at the bottom by about a five percent decline.  Five percent seems to be the catalyst for bargain hunters to [...]