Is the worst over or is it still to come
I started buying shares based on broker recommendations around the market peak (Was it November 2008). After the crash and with share purchase plans and buying some more shares at the bottom I have a few gains but a whole lot of losses. My idea was to invest for the long term.
Reading some articles from the market oracle and the daily reckoning etc I can't help thinking that there is worse to come.
I have trouble selling my losses as I will crystalise them when I sell the shares but then again if there is worse to come I could always buy them back cheaper in a years time.
From reading i understand market timing is difficult at best but it could also be profitable if you get it right.
The question may have already been asked somewhere else in this forum but should I cut my losses and wait for the next bottom on the share market or is this really the beginning of a long slow recovery.
yeah going off CNBC an other major media sources ....
Quote:
Originally Posted by
Dr_Who
The numbers coming out of the US is looking good with a recovery. The numbers coming out of China and Aust is too good, so they have to put on the brakes. All this is a sign that the global economy is recovering. You will have to be very selective to make money as the market have already factored into some form of a recovery by putting on 60% in the last year.
yeah going off CNBC an other major media sources your'd think world credit problems were all sorted an not going cause any problems sadly the fact is volumes in the markets aren't large either on the sellers or the buyers still DOW reaches a new high overnight so in the mean time things are all right.
The fact is the US,UK etc should be cutting back spending an paying off their debts instead they are ticking up trillion's to keep failed economic systems alive ..for a couple more months yrs who know's
but the fact is without the free money + low rates the world would be working through a major depression with bad businesses failing an good ones taking over with new future of better lower debt nation's
It's like a person having a business they doesn't make a profit year after year but has a major investor in the company that is also the bank loaning the money also the bank has a deal with the government for free money till the bank also start's making money this is happening all through the US an is the reason why the US has 13trillion in debt it can't pay back.
the current new US health care overhaul is going cost near on a trillion so TAX will increase on a nation that can't stop the debts increasing......