Buy Long Term Stocks with Caution
Posted on | August 27, 2009 | No Comments
This has turned into a week of cautionary links. This latest from the blog Periodot Capitalist talks about troubling signs that speculative activity in the stock market have increased, That is not exactly a good sign for continued fundamentally based growth in the market. This week has inadvertently turned into stock market caution week. It is why I am very leary about long term investments that are not using asset based valuations. I am not saying I know that the stock market is going to head down. As we have seen in the past, the stock market can make large gains because of irrational exuberance. Because I am of the conservative investing mindset that says preserve capital first, when I get nervous, I move to cash. As always your mileage may vary, but it is worth being cautious.
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