Quote:
Originally Posted by flamesfever
This market is far to volatile for my blood. I don't believe anyone knows what will happen in the short run - far too may unpredictable variables.
Thanks for your posts Claeren.
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I've been doing this stuff for many years now and here are a few facts you folks should remember:
1. The short term doesn't matter. Short-term money shouldn't be in the market.
2. No one knows if the next 1,000-point move will be up or down. However, the market has only one permanent, undeniable direction - up.
3. If you're young (as most of you are) and in your 20s, 30s and 40s, this stuff shouldn't matter. If you're going to be in the market for decades, you shouldn't care where the market is today, or next week.
4. Corrections like this are rare opportunities to buy into a rising tide at reduced prices.
Start buying, folks. If you wish, dollar-cost average in, but start buying.