Stocks have gone down about about 3-4 % again today. Is the economy getting better, I think so. Although there were more claims for unemployment last month, but I still feel that economy is getting better. Lately how many companies have come up with bad results, almost none. That is an indicator of economy getting better.
If you want to invest in stocks short term or long term it may be the best time. I suppose that stock will be up by at least 5 -10% from this level within a month, unless something big comes up. The news media plays a big role in stocks, when something goes positive, there is lot of news about it and stocks sky rocket. But when news media talk negatively, no one talks about the fundamentals of the companies. Why?
So for short term that would be a very good investment but you will be a big gainer in long term.
If you do not have stock trading account, I would say open one today and start investing with your extra money. I would not recommend taking loan to trade.
What do you think about the stock market, is it going to go up or down?
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