I haven't lost a thin dime during this entire debacle. But I completely missed out on the greatest one-month rally in a generation. I'm still sitting there on the platform while everyone else jumped on board.I know that many of the famous bears who run multi-billion dollar portfolios have turned bullish recently, but it doesn't feel right. My spidey senses are still telling me that the new bulls are wrong. So I will continue to protect my tiny nest egg from the storm which I think is still threatening us.
4 comments:
You are right to wait. I think the reason we are seeing any bump in the markets is because is so much money out there searching for a return of any kind. The "safe" investments are paying absolutely nil now. So where are they going turn but to the stock market whether its really found bottom or not. There is so much more bad debt to be unwound in this economy its really unimaginable to us average folks. The govt has just slowed the progression by pulling out all the stops and spending money like there will be no tommorrow. Unfortunately for all of us tommorrow is going to come, and we will all collectively be picking up the tab for the criminal actions of a few who have truly laid our country low.
I wonder if Joe Biden is on that train....
At about this stage passengers who missed the sailing of the Titanic were feeling the way you do now. give it a little more time.
Lou,
I'm hearing about the "rally" here for the first time (this from a former obsessive). I thought things had bottomed for a while, but you make me want to go back online and check my portfolio.
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