Are we oversold or headed toward a crash? Europe, unemployment, credit crisis, foreign wars, printing money, 1% v 99%, polarized and incompetent politicians. It would seem to paint a very gloomy picture; one that is ripe for a crash. Or not? Maybe this is a contrarian, bear trap.
There will probably be light trading tomorrow. Will Santa show up this year and rally the markets? Hmmm...interesting times.
In times like these I see the attractiveness of being a simple dividend growth investor. In my accounts where that is the plan I really couldn't care less if the market crashes or not. Lower prices mean more shares bought at reinvestment time. Ahhh....but that's boring...ha :) Happy Holidays
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