Nov 21 2008
Will We See Further Decline?
When can we expect to see the broad market stabilize? I expect that is a question on the minds of countless investors and most hope the answer is sooner rather than later. I’m not sure how educated my guess is, but I think it should happen between now and the new year. I look for better market days to begin before the end of the second quarter of 2009. That seems a long way off after a week such as this one. What to do at this point?
- Complete tax selling
- Examine allocation percentages
- Check the portfolio to see if any rebalancing is required
- Prepare to put cash to use
- Line up stocks or ETFs you want to include in the portfolio
- Check the StockChart for each investment
- Prepare entry points for equities you want to add to the portfolio
- Be patient and do not panic
Lowell Herr
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