Its all my opinion. But the golden cross is nearing and within the next 60 days that barrier will probably be crossed. When it happens , my guess in February , alot of money will be put into the market that has been put aside by big business. Barring any unforseen conflicts like iran. I took the risk today
8 Answers
Boy oh boy I hope you are right! My 401K needs help!
12 years ago. Rating: 4 | |
Now is not the time to buy stocks in general. Runaway inflation is coming with loads of money being pumped into financial systems all over the world. More and more countries in serious debt. Riots in the streets. Low dividend yields. The sh*t hasn't even hit the fan in China, and so on...Buy gold and silver stocks, but buy them carefully. Many juniors will go up 1,000% from here. Check out Newmont Mining (NEM) for combo of increasing dividends tied into rising gold price, and capital appreciation.
12 years ago. Rating: 1 | |
The bad thing though is i dont think the economy can handle a sustained higher stockmarket. Probably what may happen is stockmarket i think will gain 1000 points next 4 months or so. Then slowly decline , then up and down. There are beginning to be some big stocks that are undervalued that pay dividends. Alot have taken a slow beating the past several months. Its the type of environment where investors ( major investors ) seek long term investments. The economy wants to try to grow , if obama will stop trying to destroy the potential.
12 years ago. Rating: 1 | |