oh, it's definitely at the point of "If you haven't cashed out, then just wait' but i mean, right now, i'm not buying and holding anything except companies that i am 99% sure will be around in 20 yrs....just that for most of the last century, those were the banks...Now, it's oil/energy, which is still taking a beating, and long term companies with great balance sheets...and unfortunately, those are few and far between...it's so funny, though, bc i have people asking me all the time "I'm afraid to not be buying this bc it could all go back to the highs' and i have to drag out my 200 yr dow chart and ask them to point out anytime a recovery was made in a day, week or even a year. There are TONS of buying opps and they will be buying opps for quite a while. yea, you may miss the absolute bottom, but that is better than buying, losing 50% and having to wait again....
I just feel bad for a lot of my friends who were planning to retire within the next 5 yrs..my parents included...
and yea, i'd say this is much worse and longer term than the 87 or dotcom crash, but yea, i'm trying to figure out how to make money in the meantime from it
