Stock Market Rebound in 2009?
The election is over, and now it is time for all sorts of people, from amateurs to experts, to start making their stock market predictions for 2009. Tough (and nearly impossible) as it is to accurately predict the market, people still keep trying to do it. I still maintain that the only prediction you can count on is that, over the long term, the stock market gains. But I digress.
At any rate, the current forecast made by quite a few economists is that the stock market will rebound in 2009. CNN Money reports on what some are saying about the stock market:
If that forecast pans out, you can expect the market to bottom around the end of 2008. Even if the recession drags on longer than the pros currently think it will, we’re probably still looking at a stock market rebound at some point during the first half of 2009.
“Any way you look at it, we think prices will likely turn higher before the economy or corporate earnings do,” says Stovall.
What does that mean for you? Well, if you believe these guys, it means that now is a good time to buy. Buy before the market recovers.
And I tend to agree. Even if the experts turn out to be wrong, now is a good time to buy. There are some real bargains out there. Trying to time the bottom is usually a foolhardy move, so it makes sense to buy while the buying — in general — is good.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional. All investment comes with the risk of loss. You are responsible for your own investment decisions and any loss that may result from your decisions.
Tags: stock market, stock market rebound, investing blog, stock market predictions,
stock market 2009, investments, bargains stock market
November 6th, 2008 at 4:47 pm
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