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Exactely.
Not only in this credit crisis, but for a at least 15 years, it's a trader market.
Not a place to park your money for the future, your retirement or something.
As long term investment, stocks suck, despite the myth that over 30 years it beats inflation by x% or whatever.
Everybody has heard the story that $1000 invested in GM stocks bought in the fifties would be worth $65,000 today... Well that's a myth as far as we can see.
The only way to earn with stocks is short term trade, preferably a mix of short and long. Or cash and long positions. With most of the time large parts of your portfolio in cash.
The economy may recover in one year. But that doesn't make sens unless you bought all your stocks by march 2009.
There are very short windows of oportunity where buying stocks is interresting. The art is to wait (years) and be able to be there with cash when that happens. The rest of the time it's a sucker market.
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