Forum Archive

“Smart people buy as prices come down.
Posted by: daveinbedstuy at November 19, 2008 10:22 AM”

If you brought anything with this piece of information you would have been hosed.

g
DJIA* 7997.28 -427.47 -5.07
Nasdaq* 1386.42 -96.85 -6.53
S&P 500* 806.58 -52.54 -6.12
DJ Wilshire 5000* 8014.25 -550.79 -6.43
Russell 2000* 412.38 -35.13 -7.85
Global Dow 1309.46 -32.96 -2.46
Japan: Nikkei Average* 7703.04 -570.18 -6.89
DJ Stoxx 50 1978.23 -54.06 -2.66

Also..

Pros Say: Market DID Bottom in October

http://tinyurl.com/5aw48g

“Jeffrey Saut of Raymond James said he’s convinced that Oct. 10 was the market’s capitulation low, and there’ve been sufficient tests of that low to meet criteria for “a fairly decent rally.” ”

If you went out and brought stock at that point, you are down 25%-35%.

Something to think about