Oh my my my my my...
O
ne topic that surley will get a lot of opinions. As the old saying goes about a body part that we all have........we all have one and they usually stink.
So, let me add my smelly opinion.
First, most day traders loose money.
2nd, trying to read stocks, charts and the like will also drive you crazy.
3rd, A good stock will increase in value by 10% a year. To expect that this will double in a few years is probably not likely.
The market is in a downward spiral. Where is the bottom? No one knows. I think many many people will be in for a real surprise when they realize that the anointed one (Obama) will not be the answer. Certainly not with his stimulus plan (AKA government pork stimulus).
What we are experiencing is more then a correction. But, when the economy does come around, the market will not go back to where it was for a long long time.
People sell stock even when it is low, because they predict it will go even lower. I do not think UPS will go out, but it would not surprise me to see it fall even lower as far as stock price. It would be unwise to by any stock right now based on what the stock has sold for historically.
How does that smell??