Many wonderful families will be destroyed after said and done of this depression
Wait for 8 months. Your portfolio will be wiped out. The market is heading to a new low. S&P to sub 600 after said and done. Many will cry along the way. I will stay out of the market for at least a year, including your 401K.
I agree with you. My strategy is to bet against the market. I win either way. If what I think may happens does, I will recover most of my losses. If the economy recovers then my business survives and I make money the old fashioned way. So I consider the following to be a true hedge bet
SDS - double short SP QIT - double short Nasdaq FAS - triple short Banks
All in. will get out if I make money in a week or two.
Have u learn?? Every time they said it is the bottom, every time they are wrong.
Have some common sense. U really think the economy is recovering?? Don't fool yourself. I live in California. Half of the population is on either food stamps or unemployed. Housing signs everywhere. Go figured..
Example: U really think Hispanics/blacks can afford half million dollars mortgage?? (40% population in CA and Florida, Texas, New york). I am not being racist, but this is just fact. How are u going to pay your half million dollar mortgage with 8 kids in the house?? Obama's stimulus check?? Lower interest rate??
The point is, Housing price is still way too high. Not enough cash flow, too much debt, bad credit, no saving.. This will take S&P to 500 by summer