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  • pricejump pricejump Oct 6, 2008 11:21 AM Flag

    Now is not the time to buy stocks...

     

    Stocks are coming back a little, but as they do the traders will be shuffling in a big back log of sell orders. Fund managers are making a mass exit to cash and a flight to safety. Don't be lured into thinking the bottom is near. It is not. The DOW, S&P 500, and NASDAQ will test the year 2001 and 911 lows again.

    Better to take a loss and have something than to get wiped out completely. The Stock Market is not coming back any time soon. There are more tsunamis coming down the pike and more government failures. Take Russia for instance.

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