Quote:
Originally Posted by Peter_Spaeth
I've read enough absolutely wrong short as well as long term prognostications that I completely disregard all of them, no disrespect to you intended. As the joke goes, economists have successfully predicted five out of the last three recessions.
|
I'd agree if it's predicting recessions, but we are already in it. I have no idea when the next one will be, but I'd gamble on buying commodity items a bit later; recessions don't tend to fix right away.
The one guarantee is that any stock I buy will drop a couple points lower the next day after I try to time the bottom
. This is why I don't have the stomach for day trading. When times are bad, I buy. When times are good, I hold and wait for the next big dip to buy more.