James5v
Recycles dryer sheets
- Joined
- Oct 30, 2007
- Messages
- 88
I would like to hear some opinions on what the New Year will hold for stocks. I have to say I am not very optimistic.
Last year I sold most of my stock funds and now have only about 20% in the stock market. The remainder is in safe MMF but only making 4% or so, not real safe since inflation tends to take most of that return. I would like to move some back into the market but do not feel this is the right time. That usually is a good sign for others to buy.
I keep wondering when all the people who live off credit cards are going to crash. I also wonder about the housing situation along with oil prices although unemployment numbers have been okay. I have followed but not owned BAC and have watched it moved down. It's 6.2% dividend looks nice but the stock continues downward.
So what do you guy think about next year??
Last year I sold most of my stock funds and now have only about 20% in the stock market. The remainder is in safe MMF but only making 4% or so, not real safe since inflation tends to take most of that return. I would like to move some back into the market but do not feel this is the right time. That usually is a good sign for others to buy.
I keep wondering when all the people who live off credit cards are going to crash. I also wonder about the housing situation along with oil prices although unemployment numbers have been okay. I have followed but not owned BAC and have watched it moved down. It's 6.2% dividend looks nice but the stock continues downward.
So what do you guy think about next year??