I have virtually climbed into a financial rabbit hole to weather out all and any fallout. I have and always will be a long term investor in the stock market, which means when times get rough I rather hide then sell.
Due my horrible timing of stock purchases in the past few months I have been cautiously researching and deciding not to buy instead of seeing opportunities to become a bargain hunter.
As I talked in my last post, it boils down to the same five stories over and over again. I am sure the pundits on TV have no exposure to the market, because they’re always excited to tell us that the market plummeted and the world is officially gloom and doom.
Light at the end of the tunnel
Every market situation is always cyclical and even in our current rough patch; there is a light at the end of the tunnel. When I read about how gas could fall to two dollars a gallon and the comeback company Starbucks is scaling back CD sales that makes me peek my head out for a second to see that some forward progress is happening.
I feel that every bubble build up over the last ten years will burst. (If they haven’t already) The trend will be lean minded companies, aiming at wide profit margins with the goal of trimming junk plagued with old technologies. Quality over quantity will be the focus with products and services, for use of less labor and less use of raw materials.
This perfect storm of financial fallouts will be over soon and everything will be equalized again. Sure, another bubble will start forming and everyone will be excited about how well the markets are doing, how the dollar is gaining ground and how domestic businesses are prosperous again. Until then I’ll wait and hide for either a bottom in our bottomless pit of a market or when times get better.
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