Freedoms Truth

Why a Psychological Bottom Will Lag Any Real Recovery

"Equities are not a good long-term holding for now. "

Buying now beats buying at S&P 1400!
I am way off my highs, but also off my lows, up 30% from november in one account. I did it by buying stocks that are at incredible sale prices, under 0.5 book, low single digit PE, etc. This only happens in a super-bear. I guess I should feel lucky that one account is dead even with where it was 8 years ago, since the market was higher then.

It was a mistake to be all in at the top and a mistake to be all out now.

If all the market does is go sideways for 2009, I'll be okay on my divvie stocks like PFE.

All this bearishness warms my heart, makes me realize that the market will have plenty of upside once people realize its not so bad. I think 2009 will be an up year in the 15-20% range, clsoe around 10500 on the dow.