Stock Market Commentary 8-19-2009
August 20th, 2009
The market is resilient and the buy on the dip mentality is still alive and well. The same pattern has continued for weeks of buying on dips as well as investors focusing on economic data that may give clues the economy is turning around.
We are starting to see headlines in business news stating that a certain economist stating the recession bottom may have passed. Along with the rosy picture the White house and other politicians are painting about the economy, the fact is the rebound from such problems as the USA (along with most countries) has had is likely to quite some time to return to a healthy state.
Is real estate going to be profitable soon– not likely. Can we make money in stocks? Very likely.