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Sunday, December 30, 2012

Expecting the Worst for the Market

Things are going to get a lot worse, before they get worse." ~ Lily Tomlin

Based on recent events on the fiscal cliff, I now expect a major decline in the stock market.   Since late October 2012, I've been expecting a small dip with a quick rebound as the fiscal cliff and sequestration was resolved.  However, I now know I was over optimistic to think that President Obama, the Democratic Senate, and the Republican House would "rise above" and deliver a working compromise.  Instead, there will be continual postponing the touch choices and creating multiple crises in the future.

I think it's time to hunker down and wait for a minimum 20% correction before putting additional funds into the market again.

For more on New Beginnings, check back every Sunday for a new segment.


This is not financial or investing advice. Please consult a professional advisor.

Copyright © 2012 Achievement Catalyst, LLC
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