This morning I received an email from FirstLadyMaven with a link to an article on Freakonomics. I was initially drawn in by the intriguing title, but later found myself disagreeing with the author’s connection between socks and stocks. Here is a excerpt from the article (Click on the link above to read entire article):
“Stocks, [...]
We are finally at a point where everyone is losing hope. This is a good thing. It is when no one believes the stock market will ever go up again do we get a nice rally. I’m not saying that we will be out of this bear market, recession, eventual depression, or whatever you want [...]
Right now your 401k is down 20 to 50 percent and you are stunned! You’re asking yourself, what should I do? Stock market logic says not to sell right now, that markets go up over time and if you have a horizon beyond 10 years then you’ll be fine.
Well, that used [...]
A lot of people have been asking should I buy stocks now since a lot of them are very cheap. You have to understand that stocks are at these levels for a reason. After the Great Depression, there was only one company out of the top 30 companies that is still here today. That company [...]