Sorry, same answer.
Watching micro-economics for now.
I do know GS hasn't placed any furniture orders with us.
Found an asinine statement in USA Today paper.
Adam Shell says "mom and pop" investors are poor market timers.
Maybe he's suggesting they go back to seeking guidance from the Wall St "pros"
His failure to qualify that statement or balance it against stats of the "experts" says he's either a total idiot or he's tied in with Wall street.
Rally fails to boost everyone's spirits
By Adam Shell, USA TODAY
NEW YORK — It's going to take more than a three-month rally to erase the financial and psychological pain suffered after the stock market bubble burst.
Even though stocks are up nearly 25% since March 11, not many stockholders are feeling rich. One out of two investors (49% ) say they feel "poorer" than they did three years ago, a USA TODAY/CNN/Gallup poll found. And they probably are: The Standard and Poor's 500 index is still 35% below its March 24, 2000, peak.
Nearly six out of 10 (57%) investors polled June 9-10 say it would be a "bad idea" to invest a spare $1,000 in stocks now. While that number fell from 63% in early April, it's still among the most pessimistic since 1990. The findings illustrate how difficult it has been for investors who lost money in the bear market to get over the psychological hurdle caused by their financial pain.
Asked why he thinks now is a bad time to invest, Anthony Todoverto, a 73-year-old retiree from Mount Dora, Fla., notes that the big upward move might already have passed investors by. "The best time to invest in stocks was three months ago," he says.
Carol Romanowski, 51, of Kenosha, Wis., offers a more emotionally charged reason she won't buy: "Because I have lost over 50% of what I invested, and I'm tired of losing money."
Not everyone distrusts the recent rally, which has again raised hopes that a new bull market is finally underway; 41% of investors said now is a "good time" to invest in stocks, the highest level in a year and better than the 34% polled in early April.
usatoday.com
Charles Gibbes, 68, a retiree from Raleigh, N.C., says now is a good time to invest because the economy is recovering. "We have hit rock bottom, and I'm betting on a rebound." Other findings:
•Mom-and-pop investors are poor market timers. In January 2000, a few days before the Dow Jones industrials hit their all-time high of 11,722.98, 67% of investors said it was a good idea to invest $1,000. Only 28% said it was a bad idea. They were wrong. That $1,000 investment would now be worth $785. So it may be a good sign that so many now think it is a bad time to invest $1,000.
•Individuals have not bailed out of stocks. At the market peak in March 2000, 61% said they had cash invested in stocks; 37% did not. Identical numbers came up in this week's poll, signaling that most investors remain committed to stocks for the long haul.
•Optimism about stocks rises with income. Of respondents with household income of $75,000 or more, 55% say investing in the stock market now is a good idea. Optimism diminishes with income: 28% earning $20,000 or less says now's a good time to buy.
Still, the poll suggests that not everyone has gotten over the bear market. "The market scares me," says Sandee Spencer, 48, of Orlando. |
