Well Known Member
Supporting Member 7
Hi everyone. Not sure where this goes, so I'll put it here. Last week, on the 14th, the stock market took a pretty good hit at losing 800 points. I believe this was because a federal agency reported that a recession might not be too far off in the future. If I understand this correctly, they reported that when short term interest rates were paying more % then invested long term rates, a recession always followed, because this isn't the way it's suppose to be. Might not be today or tomorrow, but definitely in the future. They claim it's never failed. So, it any members are investors in the stock market, did you do anything??? Sell?? Buy more at the dip?? Hold tight?? As for me, I added everything up and my return collectively was 25.8% on my investments. I normally don't get scared off by that stuff, hold my ground, but this time I think I was looking for an excuse to sell, and I did. Everything. I had been considering selling for some time, and this just pushed me over the edge. I know it rebounded some, 350 points, the following day. I still have no regrets. I would have done the same thing again. I kept the account open and I'm presently on the sideline waiting to see what might happen. I don't know how a recession could take place because the economy and job numbers are very good. But then again, I don't know that much about finances either or what drives the market or your big investment houses. By some estimates, this bull market has gone on for 10-12 years without a serious correction. That's unheard of from what I read. Happy investing to all, Carmine.