RE:5 economic scenariosClearly, I need to refine my communication skills. Doom and gloom are not how I would interpret my narrative. Recessions come and go just like bull markets. Investments are a journey, not a destination.
The market for everything in the world has had ups and downs. The key is to buy when it's down and sell when it's up. Give your head a shake. Verificate brags the S&P is at a high. That's a clear indication and I would be selling. What goes up must come down again. Smart money is selling at highs and buying back lower.
Warren Buffett: Sell when people are greedy, and buy when people are fearful.
***I have always said North America is in the perfect position for growth and will continue to dominate the world. Too many advantages to count. But there will still be ups and downs to clean out bad debts etc. that accumulate in the system.
The rest of the world will be in a less enviable position for too many disadvantages to count.
I like recessions. Everything goes on sale and it's like getting 2 for 1 everywhere. The stock market, real estate, vacation getaways etc. etc. Recessions do not last forever so good times flourish afterwards.
Albatross, you are focusing too much on a destination. Think journey pal. I'm thinking you are swallowing the snake oil being sold by a certain individual on this board. Where has that gotten anyone in the last 10 years??
Oh, look, it's up 2 cents today!
0.5200+0.0200 (+4.0000%) As of 11:06AM EDT. Market open.