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Author: AcmeFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: Poll: What now, fellow retiree inveestors? Date: 12/16/2007 5:43 PM
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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.

Acme
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