Friday, August 19, 2011
Lame Duck.
As last week's rally fades and the plunge continues any thoughts I entertained of getting back in are gone. I stick by my guns. Q1 or Q2 next year will be the time to buy. The market will start pricing in who the next President is going to be. President Obama is a lame duck. He has had the most incompetent advisors surround him. Even some of the more reasonable ones like former Economic Advisor Christina Romer was forced to drink the socialist kool-aid. Obama is a committed socialist. Not sure how anyone could not see that. I understand his socialist activism in college was ignored but a professional community organizer? Come on. Then he was a mostly inconsequential state and federal legislator. So I stand by the market will be sighing with relief when the end is in sight. Until then there is still time to get out of the market. The market still has another 10% or so to go before finding a bottom. It gets a little more risky here because you might miss the bounce back.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment