We're in deep poop
The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1
Not just health, but the mkt down to 10000. if we're lucky |
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Milestones of the Dow
March 1999 – The once-unthinkable 10,000 is reached. September 2002 – The Dow bottoms out at 7701.45 December 2003 - The Dow reclaims the 10,000 level. July 17, 2007 -- The Dow trades above 14,000. And then, 2008! https://thebesttravelplaces.com/wp-c...-the-world.jpg |
All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning
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:bigbow: |
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I'll buy back in the fall, the mkt has always been lousy from May till Sept--this is not a normal mkt, save your cash, you'll make a real killing if you wait--3-4 months of negativity isn't good--the old adage don't fight the FED, now its don't fight the virus--till we get ahead of it- stimulus is just treading water-the economy will be happy to keep its head above water--
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Earlier last week I moved a chunk of cash (getting 1.6%) to 2 American Mutual Funds - Growth&Income & Small Cap World. I expect by the end of 2020, my gains will be 20-30%
Too bad we all need to ride this out much longer, it will certainly delay the Market rebound, re-employment and rebuild small business. But I have to believe it will be BOOMtime in 2021, and would not be surprised to see a 23000 Dow by midyear. As for now I'd rather be in the RED ($$$-wise) than DEAD (bodywise). Hang in there everybody. Attitude IS important. Hunker Down, be cautious, and wash up! |
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This guidance is from the Doctors who advise the President. If it were up to his hunches we'd all be dead already.
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i am with you. Buy low, sell high
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