Now it is official that this recession will be long and painful. The stress tests are out and Obama Administration does not show the nerve to make bold moves like taking over most troubled banks. (read Paul Krugman’s article here: http://www.nytimes.com/2009/05/08/opinion/08krugman.html?_r=1) That means our pain will be very long. We have to live with the recession or very long jobless recovery will be there for many years.
The basic question we individuals will still need to answer is can we still make money in recession? Because ultimately we really not care much about the overall economy. What we really care about is are we able to make enough money for our stomach and for the rest of the family. First we need to take care of us and then the rest of the society.
The good news is yes we can make money in recession and we can do it in stock markets.
in:
http://caps.fool.com/blogs/viewpost.aspx?bpid=191958&t=01000382431830678788
Ruin-Nation
11 months ago
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