Sunday, March 8, 2009

Dow 6000

With all the market turmoil it's easy to lose sight of your long-term investing goals. I've seen the Dow Jones see-saw up and down for the last 14 months now. I've heard of the great plunge that was supposed to happen in October and every month after that. Don't fret, at least for now. The Federal government has stepped in with wave after wave of rate cuts. This has lowered the mortgage rates for many, helping them refinance their homes at rates not seen in years. Secondly, the Federal government has granted not one but two stimulus packages to energize this stalling economy. Thirdly, this same government is backing our financial institutions. The message is clear. Life as we know it will go on. Yes, this economy has stalled. That's all. Dow 6000 is the invisible line we will not cross. I'm slowly investing money once again in the stock market. Will you be ready when it rebounds?

No comments:

Post a Comment