Wednesday, September 28, 2011 – by Staff Report
Don't Let Volatile Markets Get You Off Your Game ... With the 4-day slump in stocks momentarily taking a breather, investors are tentatively coming out of their bunkers to assess the damage. The 7% storm that battered the markets this week destroyed more than $1 trillion of wealth held in the New York Stock Exchange Composite Index (NYA), according to Factset data. – Yahoo Finance
Dominant Social Theme: Look. Depressions happen. But what would you do in 1932. You'd stick it out! By, say, 1960, you'd be back where you were! No problem ...
Free-Market Analysis: This is a big dominant social theme for the masses of confused people who have heeded the prescription to put their hard-earned dollars into stock and bond markets. (See article excerpt above.) Just wait. The sun will come out tomorrow.
Of course, many people missed the big gold and silver runup of the past decade (because what can you do with gold, after all?) and they've been watching their savings erode because of inflation. Now they are waiting for the bull market to begin. They are waiting and waiting, like Godot.
Bull markets in stocks usually happen after recession, people have been told. And the recession ended in 2009, didn't it? Didn't it? So when's the market going to snap back? Soon. Soon. It's been delayed a bit, that's all. Maybe next year won't be so good. But it will come. It will come.
Dominant Social Theme: Look. Depressions happen. But what would you do in 1932. You'd stick it out! By, say, 1960, you'd be back where you were! No problem ...
Free-Market Analysis: This is a big dominant social theme for the masses of confused people who have heeded the prescription to put their hard-earned dollars into stock and bond markets. (See article excerpt above.) Just wait. The sun will come out tomorrow.
Of course, many people missed the big gold and silver runup of the past decade (because what can you do with gold, after all?) and they've been watching their savings erode because of inflation. Now they are waiting for the bull market to begin. They are waiting and waiting, like Godot.
Bull markets in stocks usually happen after recession, people have been told. And the recession ended in 2009, didn't it? Didn't it? So when's the market going to snap back? Soon. Soon. It's been delayed a bit, that's all. Maybe next year won't be so good. But it will come. It will come.
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