Where to hide in the ‘bear-cession’

I did what all great financial advisors tell us to never do: I pulled my money out of the stock market earlier this year. Perhaps it was a dumb thing to do, but my portfolio has actually made money during this mess.

I won’t be buying in again yet. I pulled out when stocks were orders of magnitude higher than they are now, so it doesn’t matter if I don’t catch the bull from the get-go. I personally think stocks still have a long way to fall.

This country is heading towards DISASTER!!!!

It’s so bad that it’s funny. I mean that in an angry way! How the so-called brains caused this is criminal. Talk about arrogance.

You only have to go to Realtytrac to see the extent of the carnage. It’s bad, very, very, Very Bad. Shocking!

It is interesting how much this massive problem is hidden.

The Bailouts are like throwing a rock into a lake. A little wave but not much change.

Make like a squirrel and prepare.

Not yet: too late to sell, too soon to buy. Bottoming is taking place, but we need a successful retest, or two.

You won’t recognize the names of many/any of the big banks a year from now. Most of them will fail and be taken over by the government, closed down, assets sold off … and they should be.

Even Buffett is down 40% this year. Don’t put more than 50% of your holdings in stocks. Keep your powder dry until it’s time to buy safely.

YES — if you’re about 3 yrs old you should be investing 70% of your allowance in stocks and the rest in money markets (to be put into stocks next year when the market finally bottoms.)

NO — if you are older than 3 yrs old you should be asking how much should I be pulling OUT of stocks on each rather silly rally over the next 6 months?

Yes, it’s time to buy stocks. If you wait until you are sure the market has bottomed you will have missed it. There’s money to be made here. This is the first time I’ve felt that way in a long time.

I’ve been buying foreign currency ETFs, like BZF, to weather the coming devaluation of the dollar. Right now the dollar has gained strength due to everyone around the world selling out of the stock market and requiring cash to cover their margin positions. Once this is over the dollar is expected to crash. While the dollar is still strong is a good time to move your money.

The answer to this question is a simple one – if you are investing for the long term, stocks are a good choice. If you will need your money within the next year, don’t put it in the market.

This is pretty sound advice at any time, not just for the current situation.

Buy stocks? ROTFL

Didn’t some fed reserve guy a while back respond to the question of what people should be buying with “Food, Gas, and Ammo”?

What anyone not living under a rock already knows is that the entire world economy needs a serious shake down. And we wont even start to fix it until we stop borrowing more money to try to get us out of the problems that too much borrowing got us into. AND stop trying to keep America’s unreasonable consumption bubble inflated.

Seriously, the world can not run an economy on 5% of the populations sucking down and using up everything in site.

Get back into stocks are you kidding me? Your source that is buying BofA thinking it will rebound is a clueless idiot. Next year BofA will become another Citi. By the way the Citi story is not over, it has just started. This, Paul is the great depression, and stocks won’t be a buy for the next decade. Gold on the other hand is another story – it will outperform once the all-wise market understands that US is bankrupt and what the true value of the dollar is – 0 ! gold goes up and so do commodities, that will be the story in the next couple of years….people don’t know it because they haven’t seen it but when leveraged asset deflation leads to bankruptcy of the currency, it could in fact be bullish for commodities….