| megaman79 said: Warren Buffet just bought stock in GS and GE. It hasn't worked |
You know, guys like Buffet think about the big picture... He saw value and picked it up. It may be years before the stocks can really preform. Then again the guy is really old... he might never see the massive returns he will recieve...
The people I feel for are the people who are retiring in the next 4-5 years. If they were dumb and had a good portion of their 401k in Equity they are soooooo screwed. They will be working until they are 80 if they sold they stock at the paltry prices they are now at.... Other wise they would have to keep working until the markets fully recover (3-5 years).
I doupt there are too many people that are looking to retire in the next 5 years here... but just a word of advice for future reference. Do not put much of your retirement into equity within 5 years of retirement. Equity is great, has the best returns, but is the most risky, and see more highs and lows. Move into debt instuments (treasury notes, bonds,etc) , commities, and such during those times.
End of 2009 Predictions (Set, January 1st 2009)
Wii- 72 million 3rd Year Peak, better slate of releases
360- 37 million Should trend down slightly after 3rd year peak
PS3- 29 million Sales should pick up next year, 3rd year peak and price cut
