The DOW suddenly reversed it upward trend when the evil Bailout Plan was approved. It ended down almost 160 pts! I knew many buyers expected a V shape rebound when the evil Plan was approved. That simply cannot happen.
Even the dear stocks recently picked by Warren Buffett, GS and GE, dropped almost 3%. The bet is not working! But if you can hold long-term as Warren Buffett should and will, good stocks will give you good rewards. The only question is to hold for how long? 10 years?
Well, only a few of us can invest and act like Warren Buffett, I think. I would err on the side of safety: Sell on Rebound! The stock markets are still not out of the Bear's grip!
As for the evil Bailout Plan, it has helped me to make a determination to leave US investments. The stock market's reaction to it is the strongest witness to my determination! I may be wrong but I won't regret this.
God, why have you forsaken us?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment