Ms. Park will be a guest on Money Talks with Michael Campbell Saturday on CORUS Radio out of Vancouver. You can listen live on the internet or afterwards at the audio archive by clicking on the link at 9am Pacific time (12pm EST) and scrolling the play bar to 17:20Here is the link.
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This bear market is brutal. Most indices are now down 50%. That means, (sorry to say for the “buy & hold” types) from here, you need a gain of 100% to get back to the top.
We are now at a pivotal point of risk/return. Danielle, in your radio interview you said stocks are not going to zero. If you ignore the fundamentals, at what level of the S&P 500 would you be a major buyer knowing it could go lower but that the risk is low unless their were to be a financial collapse in the world(my target is 500-600).
Hi Danielle,
Here is a link to an interview with Robert Schiller which I think your readers may find interesting.
Parm
http://finance.yahoo.com/tech-ticker/article/190252/Shiller-Stocks-Not-Yet-Cheap-Enough-for-Me?tickers=%5Edji,%5Egspc,DIA,SPY
I cannot pick an entry level out for the future. Present prices are the most attractive they have been on a relative basis in 15 years, but that does not mean they won't drop further, it also doesn't mean that they will. We seek to measure the price action as it happens as we use a trend count method. It has worked really well over the years but it is certainly not perfect. We know that no system is. We also believe that forecasts are pretty futile. Traders that read this site are probably in the wrong place. We are not “traders” we do not try to be. But we are also never buy and hold, our approach is more a hybrid in the middle, focused on capturing the bulk of sustained uptrends and avoiding the bulk of sustained downtrends. There are many different methods one can use, so long as you have a defined method and the discipline to implement it. Good luck to you.