Long Term holding for me!
1.) Housing foreclosures in standstill - until inventories are eaten through - doesn't mean the problem is gone.
2.) Unemployment continues to rise - even though the media spins it and makes it sound like its less then we thought - we are still going down as long as jobs are being lost.
3.) Unemployment will be huge in the future - Chrysler in bankruptcy - GM to follow - that involves restaurants, parts manufactures, etc.......
4.) Credit card debt has become a crisis - $2.98 trillion. Defaults are climbing.
5.) System is being held up - by temporary fixes - lets call them bandaids for a very large wound. Stop the bleeding, yes - long-term - probably not!
6.) People who can't live on unemployment, don't file for unemployment - they deliver pizzas temporarily and don't reflect the numbers.
7.) Banks have risen up substantially - profit taking is bound to happen - which could trigger a large selloff.
8.) Stress Test is forcing banks to raise capital - IE -- stock dilution.
If these reasons are bogus - or if anyone has an argument against them - I welcome your posts!
Someone please make me feel more positive - LOL!
My post are opinions only - Please do your own due diligence before investing.
