What do we know?

What do we know?

January 22, 2008 0 Comments

(January 22, 2008) If you are like me, your belly and your brain are pulling you in different directions. My belly wants me to sell every stock I own. My brain says, ‘Hang on. The world is not ending. There must be bargains out there.’

Over the years I have found that my belly gets me in trouble in these situations so I’m not selling. But today’s situation is complex. There are too many different stories flying around the market about the Fed, the credit crunch, the mortgage crisis, the stimulus plan, and whether there is a recession. I have been spending all my time answering questions about stories I don’t believe. That doesn’t help you or me decide what to do.

I am going to use the blog over the next couple of days to think out loud about the things we do know that might help us make sense out of all this. Then we can add them all up at the end to see if we can come up with a coherent picture.

JR

John Rutledge

0 Comments

  1. Bret Carpenter

    January 24, 2008

    2008 year of the perfect storm.

  2. finance ninja

    January 29, 2008

    You seem like a technical trader, then from that point doesn't it at least seem or point in the direction of the market trend changing direction downwards? Every chart I pull up its Daily trend is getting stronger changing the weekly trend. Also many books I read of the past talk about how we think stocks are a bargain and cheap from going from $200 to $100 (apple inc.) we buy it then it goes from $100 to $50 then down to $5 and say man this is a bargain! So who really "knows", I've come to the conclusion that not knowing is okay and let the market figure out its own mind.

    I agree that the stimulus package isn't going to do a whole lot and is more political butt kissing then anything else.

    -financeninja


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