High volume spike in the sp-500.
2007-08-17 00:01:49 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
I think that's possible or perhaps within 2% or so but I'm still waiting to jump back in. The whole ballgame has changed IMO, I know people still talk about thinking long term, stay in the market and so on, but I say, if you can see a storm coming why stand out in the rain (unless you just like standing in the rain). I've saved huge money in the last few weeks not being in the market but I'm ready to jump back in when the time is right. Asian markets PLUNGED overnight, and next week the US markets will have to deal with a hurricane all week long and that will disallow a strong buyback IMO and in addition to this, the volatility is not going to suddenly stop.
2007-08-17 00:58:06 · answer #1 · answered by The Scorpion 6 · 0⤊ 1⤋
I am not going to claim to know when the bottom of the stock market is. The best indicator of the bottom however is probably when everyone think that we are going to continue to fall. When you hear that there are no more bull in the market it is time to buy because everyone has sold.
**This is just a personal opinion and is not a recommendation on how to trade.
2007-08-17 00:51:29 · answer #2 · answered by T.J. McMillan 2 · 1⤊ 1⤋
No not yet with the feds cutting rates and placing billions of your tax dollars into the market for the rich the only thing the feds are doing is making our money worth less.
Wait till that sets in
2007-08-17 02:50:35 · answer #3 · answered by ? 3 · 0⤊ 1⤋
I honestly think that we did.
2007-08-17 14:34:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋