Have a question for you, and I'm serious. Why is ANYONE buying right now? Anyone who follows my posts knows I am know-nothing when it comes to the economy. Thank goodness there are those around here who will take the time to help educate me!
I can see buying low, but when low has a new definition every day, or at least four days out of five, why would anyone buy anything? Why not just wait a day or two and get even more bang for you buck, literally?
Thanks!
People buying now believe that they have identified a bottom, or near bottom.
If one believes that this is a typical market correction, ala 1997, (U shaped curve) then buying now is the smart play.
If one believes that this could be an L shaped curve, then the fundamentals have been skewed by government intervention and we are in for a long period of “stagflation” ala Jimmy Carter, but with massive new debt and no way out except to pay. - Or default. - all very bad.
In this case, the winning play would be to buy precious metals and futures in such things.
Simply saving money would be useless as inflation, deflation, and taxes would destroy it's buying power.