Ten Most Dangerous Things People Say About Stock Prices

Although I don't invest professionally in public markets, I have a keen interest in finance in general. Given the state of the economy in the US, I figured some solid advice from the great Peter Lynch would be in order. These are the 10 most dangerous things people say about stock prices, so if you catch yourself saying one of them, take a step back:

1. "If it's gone down this much already, it can't go much lower."
2. "If it's gone this high already, how can it possibly go higher?"
3. "Eventually, they always come back."
4. "It's $3.00; What can I lose?"
5. "It's always darkest before the dawn."
6. "When it rebounds to $10, I'll sell."
7. "What, me worry? Conservative stocks don't fluctuate much."
8. "Look at all the money I've lost; I didn't buy it."
9. "I missed that one. I'll catch the next one."
10. "The stock has gone up - so I must be right." OR "The stock has gone down - so I must be wrong."