The past few months haven't been short of hair-raising moments in the stock market. From panic to jubilation, and then back to panic, it's hard to tell what's been going on. A credit crunch, a housing crash, a weak dollar, lower interest rates -- it's a lot to take in.
Regardless of whatever problem pops up, there are several investing myths that resurface during turbulent market periods. Here's just a few of them to think about.
Myth No. 1: You can time the market.
Take it easy, Nostradamus. The stock market can be about as twitchy as a shivering Chihuahua. This year alone, we've had several days when the Dow went up or down more than 300 or 400 points in the blink of an eye. Short-term stock movements are determined by buy and sell orders, and people buy and sell for all sorts of reasons -- not all of them rational.