tyumen value investors club

We are committed to value investing research and application of the first principles according to Benjamin Graham. We started out in Tyumen, Western Siberia as a group of like-minded expatriate colleagues holding meetings and discussions to share investment ideas in a relaxed, casual manner. We also wanted to strengthen our mental attitudes and physchology towards investing. Ultimately we aim to grow our individual portfolios and obtain long-term returns above the S&P 500.

Thursday, January 17, 2008

View on current market situation

Guys,
Do not be scared by the current market volatility.
The US recession seems now fully priced in. According to Goldman Sachs economists the US is now fully in recession.
After January ending I think we should start seeing some reversal after the Fed cuts the rates and the oil price starts to recede. Do not sell or buy any oil stock
The Dow will be back at 14,000 by year end.