Quote:
Originally Posted by UMRJM
I think that we are all hesitant to think that the there will not be a pull back from here, but even if there is a minor pull back there is a good possibility that market will hang around here for a period and then go slowly up. If you pick good stocks there should be a good return over the next 18 months or so.
What are your thoughts now that we are into August all ready.
Boomer I am still looking for a investment club in the Villages have you found one.
|
In that last post, I meant to answer the other question, too. About thoughts now......
I am starting to be surprised at the market's immunity to what I still believe to be an economy in serious trouble. It is like the market is slowly taking a series of vaccinations or something. By that I mean that the market gets bad news and it's -- Yeah? So? Keep on going. (I find that behavior interesting.)
Something else (I guess it's not a new thing because I have mentioned it here already) is that as the expiration date for the tax cuts for dividends and cap gains grows closer, what will happen to the small investor? What if Congress starts drooling and votes for taking a bigger bite? Congress is known for being shortsighted and I really do wonder about what we are in for with that one. But we still have a while.
Meanwhile, I will just keep doing what I have been doing. Some in. Some out. Buy only what I know. Hold what I still know. And knowing my own risk tolerance or lack thereof.
Boomer