For any of you out there who are wondering my thoughts on the market these days, the title of this post pretty much sums it up. Don't wait for the pullback to get back in because you will miss it. If you are crying at the value of your 401k, please resist the urge to go buy CDs or move it all into the money market. We have had a small rally the past month but dont listen to the talking heads saying to sell now and take what you can get. Hang in there because we have seen the worst of the market.
Gold is going to tank...the VIX is going to break 40...and when things look better it is going to be too late, you will have missed it. No longer do we rally one day and fall off a cliff for the next three. We have already priced in a major recession...any good or even moderate economic news is gonna send us higher...just look at all that money on the sidelines right now. When that money starts flowing in (and it already is), we are going much higher. The world is not going to end, we will eventually return to growth, and the United States will live to fight another day...trust me. When GM files for bankruptcy in the next few months, the market won't even budge because it is already priced in.
So you think I am crazy? Maybe. But I have put my money where my mouth is...in the market. I am 100% invested in the market. I had a 401k rollover check from Wachovia come in a few days ago and it went right into the market without a second thought. What are you waiting for? If you have at least a two year investment horizon (which means pretty much everyone does) you should be in or getting into this market now. If you are already in, relax...it will get better. End of sermon grasshoppers...and dont say I didn't tell you so when the S&P 500 is at 900 and you missed the 35% upside off the bottom....
No comments:
Post a Comment