This bear market has lasted quite awhile. Next month the bear market will be one year old. Based on the current situation in the financial markets, I believe the stock market malaise will easily last another year until October, 2009. At this point, I plan to maintain my current stock holdings and not add any new money. The only exception is that I plan to sell some of the company stock in my retirement account during any bear market rallies.
Here two questions I answered to determine my current planned actions.
These answers are based on my belief that Treasury and Congress can come to an agreement for a plan to increase liquidity and stabilize the markets. The answers to these questions might change if the economic or financial market situations worsen.
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This is not financial advice. Please consult a professional advisor.
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