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Oil is low, why not buy it for the long term, bonds are low they are bound to go up. Stocks may go up, keep an eye on it. I sense a distinct lack of analysis and lots of snake oil.
Dec 23 21:39 pm
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All Comments by Moon Kil Woong »Three Ideas for the Year's End [View article]
The 12-14 month period for recession is an often cited statistic. So let me revisit the history of this market tidbit.
First, pundits derided anyone saying there was a recession until November. Then they said the recession has been going on for 3 quarters and that most recessions only last 1-1.5 years. So hmmm, naturally the market is a buy huh? Just like they said it was a buy in June, July, and August. Then September and October it was a once in a lifetime opportunity. Now it's a great stocking stuffer.
Because I wish a happy holiday to everyone I suggest that you be prudent this year and make sure you save cash to get through this down period. Have a safe Christmas/Hanukkah/Win... Solstice/New Year and drive carefully.