With the Dow Jones having closed at around 6,700, are you still hanging on to your stocks? How do you feel about the interminable, drawn out dive that the stock market is taking these days?
I know I say this quite often, but I’m really having a very packed schedule lately. But I’m not so busy that I don’t notice what’s going on in Wall Street.
The Dow Jones Is At 6,700.
What continues to grab my attention, in the midst of my activities? The stock market indexes. They’re reached their 12 year lows. Watching them is like witnessing water torture. I want to look away but I can’t. With the Dow at 6,700 and the S & P at 696, I don’t know what to think anymore, except that I’ve stopped crossing my fingers and hoping for recovery in this century (okay that’s an exaggeration). What I mean is that I’ve stopped caring so much anymore, about the stock market turning up, and have instead begun to accept that it will be a long, hard road to any kind of recovery.
Still, I’m continuing with my investment strategies and proceeding with the usual dollar cost averaging plan. I continue to rebalance our portfolio as well, trying to rework our highly skewed asset allocation.
I’m also investigating alternative investments and keeping an eye out for potential investment opportunities in a decimated economic landscape. And as I mentioned in earlier articles, I’m increasing my efforts to develop and build our cash flow, to make up for the things I cannot control. See, at least I can control my cash flow: it’s something I can actively do. I’m tired of feeling helpless about our investments and since I cannot predict nor control the markets, I prefer to focus on things that have a better shot at yielding positive results, at least for the time being.
So How Do You Feel?
I’ve come across the question several times recently, which I thought I’d ask here. Is there any level that the stock market can reach upon which you’ll find yourself capitulating? Is there any point at which the markets can settle, when you’ll finally decide to pack it in and give up stocks and equities?
At this time, I strongly think it’s too late to be thinking this way. And you know what? I sure hope I’m right!
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