If you have cash, and need more stocks, it is an excellent buying opportunity. The market is pessimistic, and is factoring in the recession that has barely begun. As soon as the trough is through, stocks will rebound sharply, probably up 5% on a few different days. You just have to be IN the market befor that happens.
Unless Bernanke and a Dem president bake us some stagflation. Then we're all scr*wed.
I'm thinking of selling it tomorrow and move the money into something safe like "Wal Mart".
“Unless Bernanke and a Dem president bake us some stagflation. Then we’re all scr*wed.”
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Your first paragraph was right. It IS an excellent time to buy. Anyone buying now and holding for several years is going to have a big win. Even a Dim won’t be able to screw it up.
“Unless Bernanke and a Dem president bake us some stagflation. Then we’re all scr*wed.”
Distinct possibility. We cut interest rates again to carry the banks, and it will happen.