Thursday, March 05, 2009

Obama says now may be good time to buy stocks

At this point it only makes sense to hang on to those mutual funds. Your bet is essentially this: the world will not end, the global economy will not fold.

Our president it saying that now is actually the time to buy more stocks. He doesn't give us any specific tips but did offer this, according to The New York Times:
The president did not offer any specific stock tips, but suggested that he believed the market might be close to its low point.

“Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal,” Mr. Obama said, “if you’ve got a long-term perspective on it.”

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