Friday, October 8, 2010

Market high a memory, investors are wary of stocks

People are irrational in their investing habits. Look at your odds to go up vs odds to go down. Now considering everything that has happened it would appear that the odds for up are greater than down. People who are investing in gold and bonds are most at risk as the world gets back on track. The population is growing and so will the economy. Buy high and sell low (right...). I predict that over the next 3 years the market will be up by more than 50%. Real Estate is probably also a great investment. People have to live somewhere and with interest rate at near zero, where is the opportunity? Companies make money, gold does not and once people stop hoarding look out.