Buy S&P500 NOW!
Market Alert! 2008-10-09
I am moving money from cash into the S&P 500 index fund in my 401 plan to get in at today's close. We are on the cusp of a crash. I will move up to 20-25% of my cash into the S&P 500 today if the losses hold. It won't be the bottom, but it is getting within 10-15% of the bottom, which I expect will be around 775-825.
Gregory
I am moving money from cash into the S&P 500 index fund in my 401 plan to get in at today's close. We are on the cusp of a crash. I will move up to 20-25% of my cash into the S&P 500 today if the losses hold. It won't be the bottom, but it is getting within 10-15% of the bottom, which I expect will be around 775-825.
Gregory
Gao Xiang, what are your thoughts on deflation/inflation over the coming years?
Reply to this
ok, in the midst of panic it is time to take a deep breath, relax, and be logical. the smartest thing i have heard lately was larry lindsey on cnbc this morning.
he looked at ratios of s&p to both gdp and incomes at previous market lows in
1932 and 2002. the same ratios would yield an s&p of just under 800 and dow
7200 today. if you have not sold yet, don't do so. if you have cash , get ready
to buy. when it comes, it will come quickly , so be ready. that is my story and
i am sticking to it. you don't have invest all of your investable funds at that
level. prudence would say to invest half and keep half to invest later. if the
markets don't hold these levels things could get really nasty. if they do hold
these levels, we will get a good bounce of 10 to 20% and then retest these levels
within 6 months. of course, i could be wrong, and the end of time may be coming,
but if it does, nothing matters anyway.
Reply to this