Hi Zachari. I pulled out from the market in August 2007. I would say that no matter what media does, investors cannot accept reality - our economy has entered the recession months ago. Now, I don't see market losing significant amount of value (see Dow Jones, see TSX Composite). I was expecting to see 15-20% drop this year, but if investors continue with its refusal to accept reality, then we might even postpone recession and make things worse.
In the last 5 years, market has done exceptionally well. But market cannot go "UP" all the time. It's only natural for market to go "DOWN" once in a while, or every 3-4 years or so. I am expecting market to drop significantly before I inject my money to buy cheaper stocks/units.
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I would say that no matter what media does, investors cannot accept reality - our economy has entered the recession months ago. Now, I don't see market losing significant amount of value (see Dow Jones, see TSX Composite). I was expecting to see 15-20% drop this year, but if investors continue with its refusal to accept reality, then we might even postpone recession and make things worse.
In the last 5 years, market has done exceptionally well. But market cannot go "UP" all the time. It's only natural for market to go "DOWN" once in a while, or every 3-4 years or so. I am expecting market to drop significantly before I inject my money to buy cheaper stocks/units.
Daniel
http://www.palluxo.com