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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]
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