If you were thinking of scaling back your postions (selling some stocks) because you think a recession is coming, are you too late? Or is there more bad news coming for the market?
I know the answer already. If we have a long severe recession the market could drop another 20 to 30 percent.
August 4th, 2009 at 9:23 pm
Not too late if you think thats coming..
but think of short term too.. another fed meeting in late january.. they’ll cut rates again.. market will take a leap of joy..
everyones talking doom and gloom.. but the market timer bob brinker says it ain’t so, and he has a pretty good record.
I find that if you listen to squakbox on msnbc before the market opens, they almost always call it dead wrong.
August 4th, 2009 at 9:23 pm
dollar cost averaging
August 4th, 2009 at 9:23 pm
Arguably we’ve been in a depression for a few months. At least the rest of the world might think so. Sure you might have more dollars today, but how many more gallons of gasoline will that buy you? Probably about the same number, so the market has just kept up with inflation.
With the Fed cutting interest rates, this is only going to continue.