Which way stock market? What to do?

Yogi Berra once said that when you come to a fork in the road, you should take it.

Well, the stock market appears to be at that point, but which way will it go? And what’s the best course of action?

There’s plenty of evidence that the summer rally is peaking, as the article featured in the blog item below this one discusses.

There are also many who believe that the market may retreat a little before resuming its upward march.

What do you say? Why? Best strategy?

4 comments Add your comment

TnGelding

August 31st, 2009
8:47 am

Take most of your profits, if any, off the table. If the markets correct 5% reinvest 10% of what you withdrew. A correction of at least 10% is overdue. If the correction doesn’t occur in September, gradually start buying in October to take advantage of the traditional Santa rally.

DW

August 31st, 2009
12:04 pm

maybe wait till November before buying.. October is historically the worst month for stocks

Jason Levin

September 1st, 2009
4:48 am

I am sure we will see a short term correction but I am not worried about the general direction of the market. I have been following http://www.hotstockpikz.com and have been making a killing in this market. Chea!!!

jwhenry

September 2nd, 2009
1:44 am

Mr. President why are the banking,and loan company not making loans as you promised they would do for the american people we are all hurting and not getting any help. Time for them to answer to you for not helping us the little people that keep them in business, maybe we should boycott their business. Check http://www.obamamortgagerelief.org/.