Wednesday, May 30, 2007
More of a question than a statement: if you're bearish on the RE market (we are, surprise, surprise) are you also bearish on the equity market (I am, she is indifferent). I'm not rushing to sell anything right now, but as VG pointed out in an earlier comment, some of the insiders are.
I watch my stocks fairly closely. It's easy 'cuz I only hold a couple outside of funds. When the insiders in those stocks start selling, I get a bit antsy. But not antsy enough to sell yet.
So here's the real question for today: if you don't own a house, but could, and are exercising bravery at not getting into the market despite crazy gains, because you believe a correction is coming soon, and coming hard, are you looking at the stock market with the same glasses on? I am. I'm trying to decide which segments may be recession proof, or at least not get hammered so hard. Financials? Oil and Gas? Mining? Tech Stocks? Pharmaceuticals? I don't know if anything is really recession proof.