Discussion in 'Economy' started by Missourian, Dec 23, 2008.
How long do you believe this recession will last?
If you believe it will be more than 4 years, feel free to vote We're Doomed and post your prediction.
The economy will recover eventually, but this fall is so sharp and steep (Is that redundant?) that I am afraid to buy into the stock market again. I am limited in what I can do because all my investment money is in a 401K that I can only switch between mutual funds. One buys treasuries and five buy stocks. I have been in treasuries for the past two years with only one day in stocks. That one day, I caught a Dead Cat bounce. My net return from the interest and the bounce has been 17% this year. I don't want to blow that by moving into stocks right now. I simply do not see a bottom in the coming year.
I was torn between two years and three years... and I believe we may well see a full-on depression before it over.
I think our bottom will be longer than most others. It all depends on the value of our dollars if it stays stable then we should be ok but if it depreciates alot then we will be in trouble. Energy will shoot through the roof but hey thats just me rambling.
3 years +
If we're lucky...
We are the leading industrial country in the whole world. If the Dollar depreciates, THEN we will come out of a recession faster as our products will increase in sales around the world..
Now's the time to be buying!!!!!! I gradually started switching my 401k 2 years months ago to treasuries and then last November starting moving an every higher percentage to stocks. Now almost 100% going into stocks and next month I am increasing my withholding to put even more.
Warren Buffet's CLASSIC adivice. Get scared when people are greedy, get greedy when people are scared. I am more "greedy" than any time since 1983....
I hope so....i will make a killing in a depression....
It will last until at least the second half of next year, perhaps into 2010.
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