RECESSION MUST BE OVER!!...IDIOTS
People have lost money in this market - the best thing to do is hanging on your shares.
I agree. In an economy where you can buy bear sterns for 10 dollars I would rather put all my money long into a chinese internet company with a pe of 120 OR a solar company with a pe of 135. Much better investment then bear sterns, cough cough
This is how things work. You sell in anticipation of a recession. Once the recession is upon you, then you buy in anticipation of the recovery.
Ah Dr. Watson, you bought into the CNBC shpiel!Yes, you are correct - markets bottom 6 motnhs before a recession ends.The problem Sherlock is the CNBC pundits and their follower sheep think the recession will be over in 6 months.Well, maybe I am an idiot, but I think we got at least 2 years to go and it will be the deepest recession since my grandpappy's Great Depression.If you think this will be over by the November Election, you may want to back up that pick up truck but if I am right, we aren't even in inning #2 of the great bear.One of us will be right and one of us will be wrong. I wish you all the best!
Dow +56Naz +7.0S&P +6.9As expected. Time to put the ca$h to work.
Dow +60Naz +9.50S&P +6.5Good night all!