cicerone imposter wrote:
How do you think the market will perform next year? Is your cyrstal ball better than mine? I'm looking at a huge bear market, and plan to sell off more of my 2009 gains at the beginning of the year, and putting that money into my bank account.
We're going to see a very slow recovery in the stock market. As far as annuities, I won't put any more money into variables and many of the fixed rate anuities are now paying only 2.65% ( see vanguard ).
I-bonds are paying 0% interest ( for the next 6 months) and the fixed rate is of the order of about 3.2%.
CDs pay very little. I have an 18 year CD that pays 6% because I bought it almost 17 years ago. You won't find a CD in the US paying anything close to 6% today.
Interest rates are slowly increasing, but at a very slow rate.
I think keeping your cash in the bank is a good idea...At least it's safe, if nothing else.
As far as the DOW is concerned, I suspect you and I will both be dead by the time the DOW 's back to 14000, if it ever is.
With employment at 15% in many parts of the US, with the ever increasing cost of health care and the non-ending war, I think Obama will not be re-elected in 2012. He's tried to change too much too soon and has basically ended up with a huge mess on his hands.