tag:blogger.com,1999:blog-702948892342827119.post136270527356596815..comments2024-02-16T03:57:30.035-05:00Comments on The Penny Daily: Why the Market is a MessVChttp://www.blogger.com/profile/09707147726930961762noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-702948892342827119.post-85098978926660657642009-03-01T17:27:00.000-05:002009-03-01T17:27:00.000-05:00I completely agree with you, every time the market...I completely agree with you, every time the market thinks Obama or Geithner is going to say something, it completely tanks. Investors think Obama is "attacking" certain sectors which is why you say big pharma stocks take a huge hit when he released his budget plan. I still think government intervention will be good for the economy in the long run, but I agree with you in thinking that the best think the government can do for the short term is to just stop talking. <BR/><BR/>Even though the market has broken its lows, it did it in such a short time period that I feel it has overshot and hopefully we can expect some kind of rally if we don't get anymore bad news... But keep in mind we have unemployment numbers coming out this week and Buffet saying the economy is going to remain in shambles won't help too much.<BR/><BR/>Having said all that, I think for the first half of 2009 we are going to go through this roller coaster in the market where we keep testing/breaking lows. I expect some more stability in the second half and stocks to regain their losses somewhat, but not a major rally. <BR/><BR/>I am buying stocks right now, I know that they may go down some more in the short term, but they are fairly discounted right now and I know they will go up within a year. I also recommend picking some high dividend stocks because that way if they do go down some more, at least you get some income from them. I only recommend investing right now if you know you won't need the money and you will be alright if it dips some in the 1st half. I am very optimistic about the future, and once the market pushes through the mess we are in right now, we'll huge returns as stocks rebound.VChttps://www.blogger.com/profile/02211652105847313130noreply@blogger.comtag:blogger.com,1999:blog-702948892342827119.post-2923734126509024932009-03-01T15:37:00.000-05:002009-03-01T15:37:00.000-05:00VC,Now that the S&P has broken down to new low...VC,<BR/><BR/>Now that the S&P has broken down to new lows, what is your outlook?<BR/><BR/>My opinion of government intervention is different from yours as well. I don't know what impact the stimulus will have on the economy one, two, or ten years down the line, but right now it seems like every time Obama or Geithner opens his mouth, stocks tick down.<BR/><BR/>It's really remarkable how the market reacts. When I notice a press conference goes on, I watch the market and how it reacts. It's never been a good reaction going back to October.<BR/><BR/>AdamAdamhttps://www.blogger.com/profile/08232547666959557814noreply@blogger.com