Stock Market Guru's

[needtogetarmy]

I think there is a possibility the US Stock market could be making a longer term top. This of course does not bode well for stocks, especially people who believe in holding stock for the long run.

Just remember that the fact the stock market has always gone up in the past doesn't necessarily mean it will always go up in the future. The US is losing its position as the #1 economy in the world and there is only one place to go, and that is down.

I am long precious metals and also have a basket of foreign currencies. I have some money in some emerging market funds but I believe I may need to lighten my exposure to that this year.

Also, one may think the stock market made a new high this past year but that is only in nominal terms. If one values, say the DJIA, in respect to the value of the dollar, it has gone down since the year 2000. Its real (not nominal value) is approximately close to 10,000 which shows that all of those stocks are actually worth less than they were in 2000.

I read a ton of blogs and follow this stuff actively (and actively manage my own portfolio). Here is a good link: http://bigpicture.typepad.com/

 

[needtogetarmy]

Also: US recession is already here, warns Merrill

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/07/bcnuseco107.xml

 

[Lestat]

im going to hang tight. live and die by the sword

 

[Raptorex]

thanks to everyone providing guidance

 

[jerseyrugger76]

thanks to everyone providing guidance

Provide more specific information next time, I'll give you a real answer. I have data at my fingertips that would run you about $90,000+ per year just to access. See the occupation line in my profile.

 

[Raptorex]

Provide more specific information next time, I'll give you a real answer. I have data at my fingertips that would run you about $90,000+ per year just to access. See the occupation line in my profile.

I'm pretty diversified (US, International - stocks/bonds), probably just taking the average beating (lost 7k this week). Just seeking an answer to the larger question of whether or not I'll get wiped out.

 

[gotmilk]

hang...you'll see some rebound as we near Spring.

I'm about to buy up some more positions in February and I'm making a list of companies I'm targeting. You ever buy anything on listed on the TSX?

 

[blueta2]

Hang in there......

 

[Raptorex]

hang...you'll see some rebound as we near Spring.

I'm about to buy up some more positions in February and I'm making a list of companies I'm targeting. You ever buy anything on listed on the TSX?

Interesting, I was looking at the Toronto exchange last week...seeing how it tracked with the Dow/NASDAQ

 

[blueta2]

my company is on the TSX, their stock went from 8$ its not at $15, not great but always on the up