Thursday, May 21, 2009

Is the worst over?

I think so! If you follow the DOW, you know that it has been above 8k all month. The media is starting to report more positive news and we are seeing more signs of liquidity in the markets. Credit is starting to loosen and lenders are starting to lend. Unemployment is still rising, but most economists say this is the last piece of the economic still puzzle to recover. So if you freaked out and sold all your securities during the fall, this may be the time to reinvest while you can pick up some stocks on the cheep. I sold out of most of my financials on the jump this past week, but am on the hunt for some good deal. I will post when I find something. Have a great long weekend!