Ummm. A toe, was it. I have this saying to myself: ok -- if you swim with sharks, don't expect not to get your toes nibbled occasionally.
I have been known to go limping away.
But -- over all -- we both are probably going to survive relatively well.
I am thankful not to have put a larger %age in the market. But I did make money. Might be a while before i do again. No adventuresome forays any time soon.
I am not yet convinced that was the ultimate bottom. Volume is definitely higher but it just does not seem like the kind of throw the baby with the bath water, if anything it may be another short lived rally where funds take yet another op to sell into strength.
Still, I hope you are right and I am wrong.
Agree we could have a 400 down Dow today.
But as for buying --unless you have an absolute 1000% guarantee, and a hole being burnt in your pocket--smart says to me wait till the election.
The same Techs will be there and maybe, lower.
Won't argue the logic.
However, the market always does something different than the crowd expects. And the crowd expects a terrible Sep/Oct time frame, but they also expected a rally in the summer ad that did not happen, instead the terrible cascading financial news have also not stopped. It is a full domino effect, and it does not seem to be slowing.
Not predicting it, just stating the realities of the market. Besides, a Panic day of 400 to 600 (or more points) could be enough to pull the big money in, after all, the market is already down some 23%, the typical Bear Market is in the 31% range.
Anyhow, no matter when it happens, the direction is down and we have not touched bottom.