Eternal Optimism Meets Reality or Know When to Fold Them
Government Bailouts – Why a Modern-Day New Deal Won’t Work
The days of buy & hold in the stock mark are over! The vast majority of stock brokers and media financial types have always said not to panic, hold for the long term and stocks always bounce back. The problem is when –a real bust, you can end up with a huge percentage of your savings wiped-out. About the only think for certain in the long term, is that the person who gave you the buy and hold advice has retired and you have to keep working because you can't retire on your reduced savings.
You have to know when to hold them and know when to fold them! San Diego real estate agents
Recent related posts:
Real Estate Investing or Stock Market Investing – Have A Plan
Government Bailouts – Why a Modern-Day New Deal Won’t Work
Cramer Says SELL Stocks This Week!
This morning on The Today Show, Jim Cramer said if you own stocks and will need cash from those investments within the next five years, you should sell those investments this week! Why say this on national TV? Obviously, he expects stocks to fall an additional 20% from today's level.
Keep in mind that as of Friday's close, 80% of stocks in the Russell 3,000 are down year-to-date, and a whopping 17% are down more than 50%. Jim Cramer is the host of CNBC's "Mad Money" and co-founder of TheStreet.com.
A few prior posts on stocks & the economy:
Govt. Take Over Of Fannie Mae and Freddie Mac Could Cost Billions
Stocks of Housing Giants Suffer Huge Losses
Former Fed Chief … Would Not Be Surprised If The Housind Drop Was “in double digits.”
Stock Market tumbles 146 points . . . The Perfect Bull Trap on Sub-Prime Woes
Bicoastal Housing Recession Forecast By UCSD Economist
Real Estate vs. Stocks – Which is the Better Investment?