I admit the stock market as per this graph has fallen more and quicker than I realized. But I'm still in doubt if it's not gonna fall further. It seems unlikely that a crisis this profound can correct so fast. I don't think a bottom 30% lower would seem entirely out of order.
3 comments:
Certainly it wouldn't be totally wrong to start buying at this time.
No need to hurry though.
How's Barack's administration doing?
What about the global financial system? The intervention of states? Remember this crisis is somewhat special: Socialists/Communists are using the circumstances to prove Capitalism to be dying. What they don't say is that Capitalism is only in a self-cleaning process, which can only be disturbed by any state intervention.
Capitalism is showing that it's functioning, doing it the hard way though.
It's important to invest money which you won't need otherwise.
If an upward-trend should manifest itself, you might invest more of your money, bit by bit. Look out for value companies (eg utilities), especially those which survive the crunch.
Who knows.
It's a shame; I'm lacking liquidity at the moment, a typical situation, grrr.........
And using leverage is restricted to a firm upward trend.
never try to time the market, it is sure failure, use some value metric.
Kurumi, I agree.
Except in a *huge* general dip like this, that's clearly a buying opportunity.
Post a Comment