Quote:
Originally Posted by manaboutown
For many years I have been in for the long haul. It must be my nature. I was 80% solid stocks and 20% cash until a few weeks ago when a significant real estate investment property I had held for 37 years sold for a crazily high price. That brought me up to 50% cash. Last week I put my toe in the water and bought a little stock. Not much, just a few shares. I am taking my time and not in a hurry as I see buying stocks right now as trying to catch a falling knife. The Fed plans to raise the prime rate in June and again in July. Inflation is running wild. Many people have become financially stressed. A recession is on the horizon. And so on...
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More and more thinking that the stock market is now price with full expectation of a recession and might well be at the bottom. Than again it might not.
Once went to a financial seminar and the guy selling his services said he had a computer program that will almost always predict the highs and lows of the market so you will know exactly what to do. So the only thing we got out of the evening was a very nice dinner and knowing stay well away from this guy.