Well people argue that we could hit 5000 on the DOW and 500 on S&P before we hit bottom, so for anyone brave enough to hold longs at this point...

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quote:

Originally posted by TranceOwnsLol if you have money, invest in property.

Welcome to the year 2003.

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quote:

Originally posted by astroboy [color=limegreen]Wait til it starts to pick up... I just always prefer to buy in a bit on the right side of the V.

The "right side of the V"?! You were 5 years old when the last recession hit. Since then we've had nothing but prosperity.

quote:

Originally posted by Domesticated The "right side of the V"?! You were 5 years old when the last recession hit. Since then we've had nothing but prosperity.

I mean generally when a stock is undervalued and I'm sure it has to go up at some point I usually wait til it starts to pick up rather than trying to guess when it has hit the very bottom and buying at that exact moment. I'm just saying my personal preference is to use the same approach in the current market-wide downturn.

I guess if you're sure a bunch of good companies are hugely undervalued and you have a really long term horizon there isn't a hugely compelling reason not to just buy now and sit on it for 10 years... it's just a purely psychological idiosyncrasy of mine.

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If I wasn't going overseas for 12 months in 2010, I would be buying property and shares like crazy right now. You might be cashless for five or ten years, but it would pay off massively in the end.

thats why i'm buying canadian banks, they are less than half of what they cost but still manage to give a steady 6-8% of dividends each and every year.

People are scared shitless and are irrational, selling everything... some people get scared easily and make things intresting for the rest of us.

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[/IMG]http://i54.tinypic.com/ngycqo.png[/IMG]

Buy some of this..





for the uber-inflation coming in the next 5 years..

Was the US stimulus package not meant to help the markets?

quote:

Originally posted by saluyamo Was the US stimulus package not meant to help the markets?

allegedly.

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quote:

Originally posted by Capitalizt Buy some of this.. for the uber-inflation coming in the next 5 years..

meh

i like Arby's Market Fresh Sandwhiches

Oh, lulz.