"H the K" wrote in message
m...
On 10/15/09 12:51 PM, nom=de=plume wrote:
wrote in message
news
On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle
wrote:

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

OK do what you want but I bet there is a correction and you can buy
your position back for about 60-70%% of where it was when you sold it.

Some day soon it will occur to Wall Street that the American consumer
is broke. The fat cats may still be getting their bonuses but we still
have double digit unemployment and worse "underemployment" where
skilled trades are wearing orange aprons in empty Home Depots.

Real recovery will start when the middle class recovers.That hasn't
happened yet


There will likely be a correction toward the end of the year. This is
what
I've heard from several sources. That doesn't mean it'll be a dramatic
correction. Corrections are normal and expected. It's foolish in the
extreme
to attempt to time the market. The best strategy is dollar cost averaging
and diversification, both domestically and in foreign markets. The
technical
recovery has begun, but unemployment will continue to climb, likely to 10
or
even 11 percent. That, coupled with underemployment and a rise in
foreclosures will likely continue for the next year or so. There's a
demographic shift also going on to an older population, and this will
continue to put pressure on the economy, as healthcare costs continue to
rise unless something dramatic is done.

My guess is that something fairly dramatic will be done regarding the
insurance company cartel (they are exempt from anti-trust laws). This
will
likely get a lot of attention in the next few months. Certainly, over the
next few years, the insurance companies will prove to the general public
(and to Congress) that the current system is unsustainable, as many in
both
groups still don't believe it. When that happens, it would probably be
best
not to be heavily invested in such companies.

Thus spake the Oracle. lol




I think the health insurers should lose their anti-trust exemptions.
Frankly, I don't know what public purpose private, for-profit health
insurers serve.


It serves no purpose except to ensure their profits. I believe a couple of
senators are circulating a bill to revote that status.

--
Nom=de=Plume