I'm Getting Out Of The Market For Awhile

[james2012]

Federal Reserve Lowers Economic Outlook for Rest of Year - FoxNews.com

The story basically talks about the end of QE2 - nothing more than a bailout of Wall Street that buoyed the market. Many think the knowledge of this ending is already priced into the market, but what if they are wrong? Remove Federal dollars (a dollar weakened by this very program as we printed and printed and printed) and the bubble could very well burst. While I don't know what the bottom will be, something tells me it is not anywhere near that point. My 401k is about to go into stable value funds and cash holdings only.

I hope I'm wrong.

 

[GirlyMan]

Buy high, sell low.

 

[james2012]

Oh oh: Federal Reserve, acknowledging slowdown, reins in forecasts for economic growth - The Washington Post

Well the good news is the President responsible for causing this disaster won't be re-elected next year if the economy does not recover. Looks like Bernake is saying it won't. I love the blame it on Japan stuff I keep reading. Priceless.

 

[GirlyMan]

The few times I've tried to play the market I bought high and sold low. Now I just let it ride. If the whole damn thing goes to shit there will be more immediate concerns than how I will live out my retirement.

 

[james2012]

The few times I've tried to play the market I bought high and sold low. Now I just let it ride. If the whole damn thing goes to shit there will be more immediate concerns than how I will live out my retirement.

Yeah, but I'm not riding two waves to the bottom. I can easily make it if I sit this slide out and this slide is coming.