The market fell today after concerns about the banking sector. Did you think it was going to go up forever? I think today will shake out the investors who were not serious about the recent move up. I believe the market will move further down, but will not reach previously established troughs.
Banks are making money, real estate inventory has continued to decline, and prices are affordable again. It will not be a quick and painless recovery, but a recovery nonetheless. Choose investments that will generate cash in a slow economy. I can tell from the recent mergers that there is optimism in the market, however few.
Where have you found bargains?
Monday, April 20, 2009
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