[quote=NoSoup;2605413]
Quote:
Originally Posted by new man
The market is incredibly low. Even if it goes lower, it will go up at some point. You are starting at or near the bottom. Get in there. QUOTE]
This is a pretty big assumption. Although the stock market is low relative to where it was, I don't think anyone has any idea where the "bottom" actually lies. If you would have told someone a couple of years ago the DOW would be struggling to hit the 7,000 mark you probably would have been laughed at while they escorted you to the nuthouse.
Perhaps we are within a couple hundred points of the "bottom" - but on a personal level I'm adopting the wait and see strategy...
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And to build on this comment, I have read several places that say the people that make the most money when things improve aren't the ones that catch things at the bottom; rather, they are the ones that catch thngs after they have been going up for a short period of time. I have no idea why and no basis other than perhaps catching a ride on the momentum is better than guessing at the bottom.