Make us your home page
Instagram

Questions: Opinions split about economic recovery

We asked: How long do you think the bear market will last and how low will the Dow go?

No one really knows. Investors in the accumulation stage should view a bear market as an opportunity to buy stocks on sale and earn potentially higher future returns. In their case, the longer the bear market, the better. Investors in the distribution phase should have more conservative asset allocations and rebalance their portfolios during bear markets.

Adrian Nenu, St. Petersburg

I look for the beginning of an economic turnaround, fueled by a resurgent stock market and recovering real estate market in the fourth quarter of this year. The turnaround will continue into 2009 and gain momentum for the next boom cycle. We've seen the bottom of the Dow.

John McBaine, Largo

We are a long way from the bottom. When it comes, you will see stocks selling at five to seven times earnings. More important, you won't see the Dow at 14 times the price of gold. It will be three to five times the price of gold. Hope I'm wrong.

Frank Macauley, Madeira Beach

I figure it will be 2010 or 2011 before any upturn, with the Dow as low as 10,000.

Bill Murphy, Sun City Center

The bear market will last at least until the first quarter of next year, depending on oil. The Dow may go to 10,000.

Dan Tackitt, Sun City Center

I'm hoping some confidence in the market comes back following the election in November, but I suspect it may last through the new year.

John Keller, Lutz

The bear market will last months longer because we have a big mess.

Kathryn Spies, St. Petersburg

The Dow wants to go down. Good news or bad, it goes down. I'm looking at 10,500 Dow, then the rally.

Brad Bryan, Trinity

As far as I'm concerned, it's a terrific opportunity to buy at reduced prices, which is what I'm doing. Make hay while the sun shines, as I think it will start up by the end of the second quarter.

Jack Keefe, St. Petersburg

I don't think we've seen the worst of it. This problem doesn't look like it's going to go away. We are in a much more serious position with regard to the economy than the vast majority understand.

James Nannen, St. Petersburg

Next week's question: Where is the extra money coming from to fill your gas tank?

To ask a question, make a comment or answer the Money Question of Week, e-mail hhuntley@sptimes.com or write Helen Huntley, P.O. Box 1121, St. Petersburg, FL 33731. Visit her MoneyTalk blog (blogs.tampabay.com/money) for more money information.

Questions: Opinions split about economic recovery 07/19/08 [Last modified: Saturday, July 19, 2008 4:32am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county

    Water

    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.