Good to be back! - I spent the last few weeks in Florida with family, just veg-ing out. I couldn't believe that I had to suffer through a near freeze way down in Ft Myers!! Had to buy some jeans to keep warm!
I spent all my quiet time contemplating the market and licking my wounds. WOW! These past two months have been anything but fun! I was lucky to take just a little hit in my conservative, ROTH account, but my luck in my trading accounts was not good. I wasn't able to blog, but that proved to be a good thing!
I heard a talking head on CNBC say that a down opening of the markets this quarter "should indicate a rise in markets through the rest of 2008". I hope so. I warned anyone who would listen that the housing market would pull us way, way down. It has, and it will. I am afraid there will be much more bad news, though. My gut feeling is that the foreigh bastards in the MidEast, Asia and Russia will do their dead level best to put us under, finanically. Less bloodshed that way and they could really have a negative impact on our (corrupt, arrogant) political system. Back as far as the '70s I remember reading and hearing that we could become victems of a global, economic "war".
As investors and traders, it is time to be realists and play our cards very close to the chest! There is still money to be made in the markets, but buy and hold strategies have to be rethought. We are in a recession. Those of us who had good profits racked up have been bailing out, pulling solid stocks down. The good news is that strategy is pulling P/E ratios down, and pushing dividend yields UP!
Rethinking investment strategies should be priority 1 if you haven't done so by now. I like what Navellier says. Rethink your portfolios and get the majority of your money to work in conservative stocks that pay high yield dividends. Then, watch them like a hawk!
Monday, January 7, 2008
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