As all of you know, I'm a big collector of investing adages and aphorisms. And one of my favorites is an old French proverb that tells us to "Achtez aux canons, vendez aux clairons" - roughly speaking, "Buy on the cannons, sell on the trumpets."
Or perhaps you prefer the version of this advice reportedly articulated by Baron Rothschild - the 18th-century British nobleman and member of the Rothschild banking family - who is alleged to have said: "The time to buy is when there's blood in the streets."
To continue reading, please click here...
This is premium content for Private Briefing subscribers only.
Money Morning's Executive Editor, Bill Patalon, just found a secret backdoor way for you to make a fortune on the Alibaba IPO - before it even goes public... This opportunity will never present itself again... In fact, experts claim the Alibaba IPO date is likely to happen during the first week of September. Once the Alibaba IPO goes live, this special opportunity will cease to exist. Bill's estimating a quick 160% gain in the short run... and much bigger after that. Click here before it's too late.