I think we have to go lower. We are not even in a recession yet (technically speaking) and we have yet to see horrible earnings from companies reflecting the economy as a whole. Banks are just starting to blow up abroad. DOW 8000? lower? I don't know but I can't imagine this is the bottom. The most bearish forecasts (Marc Faber, David Tice, etc...) put the DOW around 6000-8000 in 18 months... That's another 20-35% down from where we are tonight.
Suze Orman (granted, not the be all and end all in investing) says this is not a good time to invest new money because the market is really tricky right now. I just thought that was interesting since she usually sticks with common sense advice.
I hope your bearish forecasts are incorrect. In fact, I am hoping that this is another one of those weeks that ends up where it began. That would sure be nice.
Suze Orman (granted, not the be all and end all in investing) says this is not a good time to invest new money because the market is really tricky right now. I just thought that was interesting since she usually sticks with common sense advice.
I hope your bearish forecasts are incorrect. In fact, I am hoping that this is another one of those weeks that ends up where it began. That would sure be nice.
I am not pa-niqu-ing but just computed what my portfolio would look like after a 45% drop in the market.
I did the same!..
I'm sleeping better, but then everytime I see this thread title I think it says "have we copulated yet"
I'm sleeping better, but then everytime I see this thread title I think it says "have we copulated yet"
In fact, I am hoping that this is another one of those weeks that ends up where it began. That would sure be nice.
I'm sleeping better, but then everytime I see this thread title I think it says "have we copulated yet"
I don't recall who said it but "Hope is not a good investment strategy".
With that poke at W2R I would have to say today was as close to 'panic' as we've seen in this market. Of course, it could just be the market looking forward 6 months or so and seeing reduced earnings and employment due to a lack of credit. Time will tell.
I'm not looking forward to tomorrow but I'm retired, if I was in the accumulation phase I would be up early.
We might as well since that is something we can still afford to do !
Are you saying you copulate while asleep?
...at first.Well, I think she might have been awake...
...at first.