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To: B4Ranch

The problem with saying after a bottom has been found is that by the time you realize we’ve hit bottom it’s when the market has risen quite a bit and stays there.
As Warren Buffett says, the problem with trying to time the market is that you have to be right twice, know when to get out, and know when to get back in.


134 posted on 10/09/2008 3:19:09 PM PDT by psjones (u)
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To: psjones

Markets bounce at their lows, always. They are testing to see if that is the actual trading low. Now if you expect to catch the very bottom, then your expectations are way above mine.

My priority is to hold on to the nest egg I already have. When I see what appears to be the bottom then I’ll take maybe 5% and test it. Don’t get greedy!


141 posted on 10/09/2008 4:22:51 PM PDT by B4Ranch (I'd rather have a VP that can gut a Moose, than a President that wants to gut our Second Amendment!)
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