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Old 02-07-2013, 07:49 PM   #67
damameke
6th Gear Member
 
Join Date: Dec 2008
Location: Canada
Posts: 1,372
Quote:
Originally Posted by IChopCars View Post
In 2007 Mainstream economists where bragging how theeconomy has never been better and will keep getting better....Keep buying the sizzle buddy
I guess economist has a place in the banks they work for, they provide management the trend line where market wil be in a certain period as with technical analysts, where the stock price is going to be and the risk ratings.. so you can either use (or not use) the info to make your investment....

I was merely saying that S$P was at 14000 and thats the level before the subprime clash of 2008..so if you did nothing to your porfolio in 2008, you would have recovered and make some money ..to those that sold and sit on cash.. they lost out...

Index at 14000 and up, I will be cautious.. too robust ...so taking profit here wil be a good option...
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