is it wise to buy stock right now
Answers
989 points
rvilmur answered 5 months ago …
To me, the market looks like it is in distribution mode and near a bear market recovery peak. You do not want to be buying stock under these conditions. When this rally does correct and go seriously down, prices will be cheaper; so wait.
Underlying my caution is the feeling that the financial crisis is still in its early stages with many more residential forclosures to go and commercial real estate financing problems just starting to begin. The stimulus program is mostly wasted taxpayer dollars and it will run out of upward push later this year.
3943 points
MNSL answered 5 months ago …
Market can pull back any time. I do not think anybody can predict correctly.
Really many missed the current global rally
Next 6 months is very crucial.
Best investment for current investment environment is: Invest in undervalued, neglected, next rotating sector and companies going to make profit in the next 18 months and next 5 years.
For example, there are plenty of farm and chicken companies with good fundamental worldwide including Sanderson Farms (SAFM) in USA, Bairah Farms (BFL) frontier market in Sri-Lanka.
