Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-07-2008, 06:15 PM
Junior Member
 
Join Date: Mar 2008
Posts: 4
There is no strategy for this dire market! The market confidence has been wrecked!

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??



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 11-04-2008, 09:41 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
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.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The market just crashed man, not down 250-300 but down -748 pts! UGLY! marian Investment Strategy 0 09-29-2008 04:18 PM
What?? Market suffering another 275-300 pts decline again? Wayne Investment Strategy 0 09-29-2008 11:16 AM
Can anybody please suggest an investment strategy for this market? nilbos Investment Strategy 1 07-20-2008 02:42 PM
What is meant by Fair Market Value with respect to Donations? chrisk Miscellaneous 1 05-05-2008 11:35 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.