Monday, July 28, 2008

The San Diego Union Tribune - "Buy and hold now, or just quit and fold?" (7-27-08)

"Because these market cycles can be rather brief, 'you can miss out on most of the gains' if you're out of stocks and holding cash for the first few months of each new bull cycle, Roge said."

The San Diego Union Tribune - "Renters make their move" (7-27-08)

"The housing market decline that has triggered a wave of foreclosures and deeply eroded recent home equity gains is also opening the door to ownership for renters who can meet tightening lending standards."

Yahoo - "Homeowner rescue awaits President Bush's signature" (7-27-08)

"Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations."

Yahoo - "When Pessimism Prevails, It's Time to Get Rich" (7-27-08)

"Am I optimistic for the long-term? Absolutely not. I still believe we're due for the mother of all market crashes, and that the U.S. economy is running on borrowed time -- and I do mean borrowed. I think most baby boomers are in serious financial trouble, and that oil will climb above $200 a barrel. Inflation will also increase, causing more pain for the poor and middle class"

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