Quote:
Originally Posted by 4444
i will also put this out there, i don't think we're going into another recession, worldwide. now, this isn't black or white at all, these are tough times we're in, and tough times ahead, BUT, europe will support continued bail outs...
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I'm no financial guru and I don't have a crystal ball, but IMHO, another recession is a very strong possibility. Dexia just required a government bailout. If a couple more banks follow the same path, I think we could be in trouble again. Can the euro zone really afford to keep bailing out countries ( if Italy and Spain need bailout, they are much bigger than Greece) AND can the countries afford to bailout the banks if they fail?
But like you, apart from my recent POT buy (which is down 10-15%, but I think is still a good long-term hold), most of my stocks are long-term hold dividend paying stocks. So this recession doesn't affect me too much. However, I do like coming into this thread to see other's opinions and to see if I can learn anything as well.