Was looking at the LA Time and our newly elect Presdient stated in a press conference that the economy will continue to get worse before it gets better. This is a good and bad thing depending on where you stand in your stock choices. Today the economy is doing pretty well, but that means you can probably expect it to drop back down, especially after this news from the president. So, for you new buyers, maybe it's a good time to look into something eh?
Here is the link:
Have a great day.
P.S. Brian, nice call on the stock market today. Haha. Nice! Now tell me that GOOG will go up to $500 by the end of this week. Haha.
1 comment:
http://calculatedrisk.blogspot.com/2008/12/obama-releases-some-details-on-economic.html
Also, the stock market is a discounting tool. That is, it factors into account all available information to show us what the economy will be like in the future. Many people say that it discounts 6 months into the future. Although you shouldnt use that number exactly, it is a good benchmark to keep in mind.
Therefore, when the stock market recovers, expect the economy to recover appropriately about 6 months later. This trend has been documented throughout other recessions and downturns.
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