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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (64869)9/19/2008 8:42:04 PM
From: Paul SeniorRead Replies (2) of 118717
 
Imo, today will have been the best single day a diversified USA investor will have seen in his/her portfolio in the past 50 years. No other day can compare in my experience or to my knowledge. Such a broad rally and so many multi-point gainers in all sectors. Talking here about anybody who holds a diversified portfolio, is fully invested more or less -- hasn't gone to cash in recent weeks.

That said, stocks could reverse, reverse quickly, and continue their slide. Further, in spite of it being such a good day, although I don't know where I stood a week ago, I can report I am still down from where I was three weeks ago (Aug month end). I suspect I have a long way to go to recoup a lot of losses, assuming that's even possible.
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