Quote:
Originally Posted by pepper24
Be fearful when others are greedy and greedy when others are fearful. If you have money on the sidelines it might be a good time to get in the game.
That being said, don't put all your money in at once. Do dollar cost averaging where you buy pieces over a period of time.
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Even Buffett is fearful here and just sold half of his position in J&J
The root of the problem continues to be housing and there is more to come. Lumber futures will let you know when we are comming out of this mess. Until then if you want to short America buy gold
You can no longer afford to buy and hold this market.
http://www.nytimes.com/2009/02/07/bu.../07charts.html
I wonder what the next 10 years will look like! Maybe Harry Dent has been right all along! Dent recently said "this level of stimulus is at the point that it's like taking a bottle of Viagra and nothing happens.