Lately, several pundits and some investment advisors have been saying that now looks similar to 2008. There are some similarities, but for the most part, these are few. Over the past 2 years, I have tracked the S&P trend for 2009 and 2010 as compared to 2003 and 2004. The trends are very similar. So far, 2011 is looking very similar to 2005. However, I know there is the European debt issue ongoing, Japan, the US deficit, money printing, etc., but, overall, corporations have lots of cash and profits are improving. It is hard to say for certain, but I think the hedge fund managers are trying their best to scare other investors including small investors out of the market so they can jump back in and make a killing. An example of this is Goldman Sachs statement on Monday afternoon. The summer may be rocking, but if we continue to track 2005, the summer may be good for investors. Do your own comparison, but don't give up just yet. It appears that we are in a consolidation phase for the next few weeks and could go lower, but the buyers should step back in soon. Be patient and keep a little money on the sidelines for the pullback.
Thats right, I haven't and won't. Waiting for high interest rates.... 55 plus age group. Glad you all made a lot of money, but I couldn't sleep at night. I hope the bond market busts wide open.....I could use 10-15%.