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|Subject: Re: Poll: What now, fellow retiree inveestors?||Date: 12/16/2007 5:43 PM|
|Author: AcmeFool||Number: 60426 of 83099|
Please, let's try not to just state the obvious -- "stay diversified" or "hang on tight" and such.
Why? IMO, this is the best advice that can be given. If you want inferior advice, I guess that is your prerogative, but it does not make much sense to me.
Will we slide (or fall) into a true recession?
Maybe. But that does not mean the stock market will drop significantly. During the last recession -- March, 2001 through November, 2001 -- the S&P500 basically treaded water. In that same span, the Nasdaq went up.
As is often the case, the markets saw the recession coming and priced that into things *before* the country was actually in a recession. It is entirely possible this is the case today as well. For that reason (and many others), I think the advice you don't want to hear is easily the best way to proceed.
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