The Recession Is OVER! ????

So says the cover of Newsweek! The RECESSION IS OVER! I am so glad they know the future. Where were they in predicting the calamity that the majority of the world went through? The global recession has left few survivors. Home prices throughout most of the world have imploded. This economic recession has destroyed families and some are living in tent cities.

OK…bell is sounded all clear.. time to BUY?

recesion

So what should an investor do right now? Go out and load up on mutual funds? How about go out and buy all the foreclosed real estate they can get their hands on? I say not.. first I do not know the future… nor does anyone …but historically covers of magazines have served as one of the strongest contrary indicators. Wall Street has bounced almost 50% but Main street is still suffering. It seems to me very hard to believe that a recovery can be without a recovery on Main Street. Taking another fact of market history, is even in the Great Depression of 1929 that stock market bounced several times ( I believe 5 times ) and in 1932 was down almost 90% from the highs.

You need to trade with plan…not reading magazine covers. Develop a system based on trend following not predicting.

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Andrew Abraham
www.myinvestorsplace.com

Futures trading involves risk. People can and do lose money

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