Discussion in 'Shares' started by wdongli, 24th Dec, 2010.
Merry Christmas and happy new year.
US economy is back to where it stood before GFC
Some people said "The United States economy is today back to where it stood at its peak prior to the Great Recession of 2008-2009." Do you believe it? A lot of market players would not believe it.
Why? We have hurt so hard in GFC, we missed the V-shape recovery, we had nearly one year correction, and stock market are still priced at 2 of 3 of its peak before GFC. I believe it or believe even the full returning back may take a few more month but the war against GFC has got great success around the world.
Do feel now the market is like that in 2003/2004. After the crash, the worst enemy is pessimism. After long bull market, the worst enemy is over-optimism. I have bought in 30 shares, some got before GFC with some profit, some got at the worst time of GFC with some quite good profit, and some got during the correction which are around break-even and need the end of correction to move up.
A wise speculator may not play based on the business value but both of wise speculators and investors have to get the position before the time when all of genius and bums make the money in the market.
Merry Christmas and Happy New Year with the economy back to its normal track.
More information and thought in wdongli - Member Blogs
Same to you mate
and hopefully shares will do better in the new year
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