There is no strategy for this dire market! The market confidence has been wrecked!

Pancho · #1 (**permalink**) 10-07-2008, 07:15 PM

Folks, there is no clear strategy for this market! A retired friend of mine came to see me today and literally told me how he lost $800,000 in the stock market! He maintained a diversified portfolio and still lost his money!

We are definitely in uncharted waters and the prognosis is very poor for an early recovery! There has been a tremendous loss in confidence in the stock market investment vehicle. This asset class will not see any meaningful gains for a considerable period of time!

Another incredible day in the market, down another 500 pts! I guess prospects for tommorrow don't look good either!

Anybody have any thoughts on this??

TaxGuru · #2 (**permalink**) 11-04-2008, 09:41 AM

You clearly have a dire view of the world! Things will get back to normal, you will see that confidence will be restored..

There is concerted action by all the worlds central bank and a strong committment by the G-7 to restore calm and faith back in the financial institutions.