If there's one thing I've learned about the market, it's that the markets are always urging us to do the wrong thing. What are the markets urging us to do now? Here's the way I see it. The stock market is telling us to "dive in," and that " a big new bull market is starting, and we should rush to put our dollars in the market." Conversely the gold market is urging us to get out of gold.
My advice is do nothing and just stay on sideline 100% on cash and wait for buying opportunity which should come in next few months.
Unemployment across the US is climbing dangerously and rapidly
US is under massive debt of trillions of dollar.
US consumer is strapped for money and still loaded with debt.
Everyother company is firing employee to reduce cost.
The latest 23% surge in the Dow Jones Industrials towards the psychological 8,000-level, is its seventh significant rally of 1,000-points or more, since October 2007. During the bear market from 1929 to the bottom in 1932, the Dow Industrials fell by almost 90-percent. There were six bear-market rallies during that stretch, with returns of more than 20%, each one fueling a sense of renewed optimism.
Market is likely to move in trading range , its better to wait before jumping in the market and load stocks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment