Quote:
Originally Posted by striperman36
Where's Fishpoopoo? Exit window left?
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in a fetal position, barfing my guts out.
september and october are sometimes very treacherous months for the stock market. it's partly seasonal.
typically, bottoms are reached in october, and in an election year, you can see the market take off from Nov to March. or something like that.
however, given the lousy state of our economy and the fact that we're dragging the whole world down with us
, i would be short this b*tch in March.
ordinarly, the stock market discounts the end of a recession a year in advance, or something like that. most recessions are fairly brief - 9-12 months.
but i don't think we're in a "V" shaped recession. we're likely in a longer-lasting "bathtub" shaped recession. i hope i'm wrong. but i fear i am not.
as far as home prices go ... nationwide home prices are down 20% from their peak. i heard one knowledgeable estimate that ... "we're only halfway through this price adjustment." more suck to endure on that front, unfortunately.