Just a reminder for the newbs --- or just for readers in general.
The price / yield relationship is inverse.... as the share prices drop -- the yield increases!
October is historically a terrible month... and I personally always have cash saved up for September / October purchases. Some new positions -- some I add to positions...
If I thought for 1 second that we (the USA) weren't doing well --- then maybe I'd sit on the sidelines.... but everything I see with my own eyes - and the discussions I have with my friends that are in business says we're doing just fine.
Personally I have fully anticipated the interest rate increases that we KNOW are coming. I've been too early "waiting" on that to happen sooner rather than later. WE KNOW that as interest rates rise -- that will affect stocks returns but as long as the rate doesn't rise too quickly - then everyone will adjust to the new norm. I'm building a house right now - and I only wish they would hurry up as I know everything I must buy is going up. Prices don't go up in a bad economy... so then it's just up to me to "get over it" and pay the price. Frankly, I'm more secure doing that - than wondering what the hell is going to happen next with a down economy.
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