What do you guys think here? Dow going to break its lows from November? Some losses and low profits as well as more job cuts and automakers begging for money in the news this morning. Will it bounce back with "value buying" like recently or skid lower? My opinion is we are not at the bottom yet and I think the market losses more ground today
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invest in the forex market ,much easierComment -
I actually think the Dow will have a neutral day and we will see a small swing back up 200-300 points by end o the week on good propaganda/marketing of the Stimulus. Today I see it ending up between 0.1-0.5%. I don't expect any big moves.Comment -
Your probably right here Ryan, I have been waiting to get in because I really believe we will touch 6,500 soon I have been stocking up some side money to throw in the market when I think it has gone low enough (6500-6800) This will be my long term investment for later on in life, if they refuse to drop any lower I will probably just add the extra cash to my MLB bankrollComment -
I'm not sure I would hold out for 6800-6500 Topgame. I think we will hold at the Nov. lows in the next week and will trade in a range of 7600-8500 in the coming 6mo. If you have any mentionable amount on the sidelines why not get in here and if you are right about finding 6500 average in there....GL.Comment -
I think as a long-term investment you could still make a killing where the market is right now if you are talking about 25+ years from now of course. The big risk is a total falling out which while it is not likely could still be a real possibility.Originally posted by topgame85
Bottom line.
IF the market gets down to ~6000 it WILL drop as far as 2000-3000 before the recession/depression is over. So you can play the game of putting it in now and rest knowing the floor is about 6500 OR you could wait another 5-10 years and jump it on the swing up even if it does not mean you will be a multi-millionaire you certainly won't be begging for change.Comment -
Yah, its like I'm gambling on a gamble by waiting, I think there are some good pickups available and although complete disaster is possible I think its highly unlikely, although I have been buying up some raw gold and such whenever I can get it at a good price because I feel in the mid term the dollar is going to be severly weakened but I think buisnesses will come out stronger on the other side long term maybe I'll throw some in end of this week and hold out some for a month or so from now and see what happens and go from thereComment -
if its long term, you don't need to wait too much, tough to time the market.....that being said, no reason to tie your money up now with no good news in sight. but if you are considering just sending the $ to a book, then yeah...just invest in the next few weeks. I've had my money on the sidelines for 9 months now, only put about 10 percent of it into any stocks since last spring...tough to just let it sit there somtimes, but i'm glad I stayed disciplinedComment -
Very hard for me to watch my money sit around unproductively Archie, start is bouncy today lots of bad news out there extremely early in the session thoughComment
