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Bloodbath only a few hours away

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koolmoecraig:
I dumped out of all my stocks last week.  Looks like it was just in time.  The market is going to get killed in the morning.

Good luck all!

FrizzleFried:

--- Quote from: koolmoecraig on January 22, 2008, 05:16:02 am ---I dumped out of all my stocks last week.  Looks like it was just in time.  The market is going to get killed in the morning.

Good luck all!

--- End quote ---

Great time to BUY...(that is,  of course,  only if you are in it for the long run).

ChadTower:

It's not time to buy yet.... it won't bottom out today.  It will be a little while yet before that happens.

Hoopz:
The Fed cut rates 3/4 of a point today.  That will have some affect.

I would suggest that anyone looking to buy, should dollar cost average into their positions.  Trying to time the market is never easy especially for those who can't watch it from 9:30 until 4:00 every day.

Stick to any investment plan that you have (or create one).  I would imagine that most people on these boards have a minimum of 20 years until retirement.  A small window of a one day's activity, or a month's, or 6 months compared to 20 years time horizon isn't tremendously important.  Yes, the market can move against your positions dramatically, but look for opportunities to mitigate the risk or create new positions if possible.

ChadTower:

Hrm.  So, really, you can buy in the cash pool now while your 401k hits the toilet bowl - AGAIN.  Not much help.

I wonder if things this time will swing the mortgage rates down low enough that I would want to refi.

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