Posted by
PhoenixMike on Thursday, September 18, 2008 9:48:59 AM
The old rule was never go into the market with money that you need.............now with much of middle america heavily invested in the market through their 401K's etc maybe Americans need to self direct the picks in their holdings and pay a little better attention to financial news. If you are a conservative, make sure your funds do not include companies like GE, Progressive etc.
I'm not in the market much, but I'd be looking at defense related companies because it's just about time that we display a little might again to the world....(heads up Tehran) and also invest in utilities and oil.
BTW, Reagan would have fired the head of the SEC by now....is the power on over there?
Mike
Phoenix