Bill, major operators are looking at the long term effects of two years of interest rate hikes, and are dumping stocks! I hear that we maybe heading for a hard-landing
instead of soft landing, and this puts the fear of God in
big players. We may get a rally today, but I think we will be unrealstic to believe that the markets will stablze. I have cashed in a few stocks taken profit, and have a cash reserve invested in money market. However, I am sitting on bulk of my money invested in quality stocks that have given me over 150% performance in the past three and half years. That is a little better than 25% a year. This has been a nasty year for the long pofrfolgio, but on three or four years counts, I am way up! If we trade, then the daily out look counts. If we are investors, then we should see how we have perfromed over the past 5, or 10 or 15 years, and take releif.
I know one thing for sure, long ater Mr.AG is dead and gone, this market will be here and thre will rallys, and we will see new highgs. It is only question of patience. |
