not out of woods

What do you know, an up week for the stock market!

If you take a step back and really listen to what the so-called financial gurus say, it's not hard to figure that they DO NOT HAVE A CLUE to what the stock market is going to do next.

Oh, they can tap dance and give the impression they know something that no one else on the planet knows, but that is only to justify their job.

You see , it all boils down to philosophy. You either think the stock market is efficient and all known information is already factored into the price or you believe that there is someone or a group of someones that know info that no one else does and they can spot bargains. I say HHHAAA!!

If you agree with the latter view give them you money to manage. If not, use index funds and you can harness the power of the free markets. One of the best books on the subject is "winning The Losers Game" by Charles Ellis.

More to follow. Of course always consult with your financial advisor before implementing any ideas you pick up on this or any other information source.

Do your homework and get prepared, we have no idea what's coming next with the housing crisis and its effect on ALL OF OUR FINANCES.

Hope you have a great Super Bowl Sunday. I know I am because I am spending with Family and Friends.