November 25, 2008
STUFF THE MATTRESSES UNTIL MARCH
Following up on comments I made in previous posts, this article makes a good case for staying on the sidelines until the end of the first quarter next year.
If the current and future Fed continue to hand taxpayer money to losers, investors need to withhold their cash until the trend is reversed. If investments flow only to companies getting government bailouts, then profitability, open markets and free competition are corrupted. At some point in the future, the market will expose this corruption, and the pain will be twice what it would be if investors simply stay out of the market until the true survivors are known.
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If the current and future Fed continue to hand taxpayer money to losers, investors need to withhold their cash until the trend is reversed. If investments flow only to companies getting government bailouts, then profitability, open markets and free competition are corrupted. At some point in the future, the market will expose this corruption, and the pain will be twice what it would be if investors simply stay out of the market until the true survivors are known.
Posted by: JBD at
02:31 PM
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