We’re not there yet, folks. I’m thrilled about the upturn in the market for the past three days (and you should be, too). At this point there’s a horde of people panicked to get their money out. They will. This will drive the market down. That’s completely natural.
This will happen a few times before the next great bull rush.
Don’t worry about it. Relax. Dollar cost average your way into the market, and keep in mind: up or down, in 5 years or so, this will have been a very good time to invest.
Dak
2 responses so far ↓
Chris Schmitt // March 13, 2009 at 4:00 pm |
I’d be so much happier investing today if I had only just sold everything 6 months ago.
Dan Keldsen // April 4, 2009 at 1:32 pm |
I’ll echo Chris – to be sitting on a pile of cash to invest NOW would be very good indeed.
Takes a strong stomach to invest when (most days) the market is in a downward trend. Then again, I dollar cost averaged my investment in Apple around 2000 when people were (again) saying Apple’s days were numbers. That investment is STILL up aroud 800% for me.
If only all investments worked out that well!