Why It's Going to Be a Long Recession [View article]
Jim has written a good article with the conclusion that we are in a bear market and the recession will be long instead of short and sharp. Agree with this assessment and unless one is really skillful or lucky, it may be appropriate to focus on return of capital rather than return on capital- in other words stay in cash with a small trading portfolio. John Egan recommendation to trade [moving only with momentum situations with stop loss] is not a bad idea.
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Jim has written a good article with the conclusion that we are in a bear market and the recession will be long instead of short and sharp. Agree with this assessment and unless one is really skillful or lucky, it may be appropriate to focus on return of capital rather than return on capital- in other words stay in cash with a small trading portfolio. John Egan recommendation to trade [moving only with momentum situations with stop loss] is not a bad idea.
Sep 08 03:36 am
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