The Dow Industrial Average contains some of the largest, soundest companies, and cannot be considered speculative. Yet, the market all the time will be highly volatile. So, added pressures exist for tempting frequent buying and selling.
This may be great for professionals who make up 80% and more of the market, but it can be disastrous for average investors subject to the influences that induce market timing.
The solution? Disciplined strategy. (See the Earl J Weinreb NewsHole® comments.)
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