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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (104188)2/9/2008 1:53:55 PM
From: Think4YourselfRead Replies (4) | Respond to of 306849
 
Be careful going long anything here. Americans are starting to pull money out of funds in a big way. $9.3 billion more left just last week. This trend is likely to continue for quite awhile and no sector of the market will be able to buck a trend like that.

IMO Adding to any long stock positions in this environment is financial suicide. We even moved all our retirement funds (Roth, IRA, and company retirement plans) completely out of stocks two weeks ago. All funds that we have any control over are now out of the (long side of the) stock market, and will be for at least the next 6 months regardless of what the market does.