recession1 (rĭ-sĕsh'ən) n. 1. The act of withdrawing or going back. 2. An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.
We'll know for sure . . . in June.
__________________ Be careful about reading health books. You may die of a misprint.- Mark Twain
In June and July, I backed out of slightly more than half of my positions. The rest I left invested (mostly in funds) because I listened to "experts". Then of course I watched it all tank and felt like, what's the point of pulling the rest out now? Now the same 'experts' are admitting that there's real trouble afoot. But how much worse can it get? People are really scared. The 'negative-wealth effect' from lost value in homes and equities looks to be a tidal wave.
I hate selling at a loss, and I'm prepared to wait with the rest of it. But it might be years and years. What a waste! At least I bought into some short positions
We're definitely in for a ride. How long it will be, who knows. But, I can say, with confidence, alot of this uncertainty is caused by high fuel prices. A good portion is probably due to the uncertainty in the real estate market. I hope it's a short lived burp but I'm preparing for it to be a long haul.
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Quote:
Originally Posted by Marsden
In June and July, I backed out of slightly more than half of my positions. The rest I left invested (mostly in funds) because I listened to "experts". Then of course I watched it all tank and felt like, what's the point of pulling the rest out now? Now the same 'experts' are admitting that there's real trouble afoot. But how much worse can it get? People are really scared. The 'negative-wealth effect' from lost value in homes and equities looks to be a tidal wave.
I hate selling at a loss, and I'm prepared to wait with the rest of it. But it might be years and years. What a waste! At least I bought into some short positions
stashing wads of cash under a mattress makes more sense than ever.
__________________ . . . .
Only think of two things - the gun and the tape. When you hear the one, just run like hell until you break the other. .
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