Legal disclaimer - I am not an investment advisor, nor anything resembling such.
On k & C (CNBC) they had a guest who felt that the Big stocks were going nowhere but small and midcaps would be a decent choice now!
But I still think we are, long term, in a bear market. Which means buy and hold generally sucks. Play a few rallies when you see them, get in, and get out. No turning out millionaires by the bushel basket full like in the late lamented NASDAQ bubble.
Well, except perhaps for some happy gold bugs ... happy happy.
Give it three more quarters and then there will be an increase.
The fall elections are having a depressing effect on the market also.
regards,
This Cheerleader is pumping and dumping you?
THE BIG SUCKING NOISE YOU HEAR IS THE MONEY BE SUCKED FROM YOUR POCKETS!!
Including a Q & A with the world's leading Austrian economist, Dr. Kurt Richebächer, highlighting ominous parallels to 1930.
Almost Every American Economist Is Dead Wrong
The "Bogus Recovery"
It's not what you don't know that will hurt you; it's what you think you know that's dead wrong and that can destroy your wealth.
Fasten your seatbelts, investor. You're in for a wild ride. Yes, I know that almost all you hear in the mainstream media is that the recovery is well under way. According to them, "Happy days are here again"... or at least they will be soon... But the truth is something quite different.
THERE IS NO RECOVERY.
It's bogus. This is a Bogus Recovery. Americans are being lied to. Wall Street, politicians and the media are all doing everything they can to keep consumer confidence high. They want to keep consumers consuming and investors investing. It's understandable. But it's also highly dangerous. Do not become their victim.
Stocks can go nowhere but down right now. In fact, if they return to normal valuations, the stock market could easily fall by 60%. And that is likely to happen. Investors who are not prepared will be in for a rude awakening.
A. The trade deficit.
B. Earlier the Asian economies were pumped and dumped by the moneymen. The US economy has been pumped and is now being dumped. It is Europe's turn to be pumped.
Nobody here but me and my enthusiastic opinion. FWIW, AFAIK, and IMHO all apply.
http://www.freerepublic.com/focus/news/704316/posts
Summing up: It’s crunch time for the old recipe of US-centric global growth. What worked so brilliantly for the past seven years seems unlikely to do the trick this time. Global risks are mounting and there may be no easy way out for world financial markets.