What's your take on the market this week -- buy, sell or hold?
Answers
677 points
Dragonsbane answered 2 months ago …
Sell. I'm going to fade this rally for the following reasons.
1) The US is still in recession and most of the world is still following the US into recession.
2) Credit is still contracting and growth will be extrememely difficult until it begins to expand.
3) Details for the bailout are still unclear. Chances are likely that once the details are released, they will not be as great as the market has expected/priced in.
4) Timing on the bailout is still unclear. We still have no idea when this bailout will happen or how long it will take to begin. If politicians are good at anything, it's wasting time.
393 points
jester112358 answered 2 months ago …
I'd do a little of each. Not very helpful information is it? However, some activity may give you the illusion that you are in control of your destiny.
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BoxCar answered 2 months ago …
Jester's probably right. Mad Money recommends selling 20% of your worst stocks but
the trouble with a Roller Coaster market is [ it only hurts when you get off ] Hopefully
this coming week is one of the tops but I suspect "we ain't seen nothing yet" is true.
2703 points
MNSL answered 2 months ago …
I thnk we should buy and hold stocks that going to appreciate more than 20% in the fourth quarter and rapid appreciation in the next finacial year. .
We should sell worst stocks.
Some sectors will undeperform and some will outperfom the market.
583 points
jillybeansisme answered 2 months ago …
I think you should remember DISCIPLINE. If you have profit, take some and hold the cash for great opportunities. If there are positions which have tumbled but are still great investments except for the roller coaster we're on because of Washington, hold on to them. If you are in some positions you probably shouldn't have taken in the first place, now is the time to bite the bullet and dump them. When there's a plummet in the market, as experienced earlier last week, there is opportunity to get good solid bargins. When there is a rally, such as the latter part of last week, there is opportunity to take profits. I fully suspect a rally through October but then watch out from November 4th on through whenever . . . no matter who is elected.
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