Market is starting to interest me. I’m looking for a 20% correction on which to buy.
The DOW has been existing as a prostitute for some time (no visible signs of support). I am hoping for a 40% correction.
Me too. I'm watching the folks on CNBC trying to calm people down. They keep talking about the strong fundamentals of the American economy. My own eyes see things a bit differently.
Procter and Gamble wants 30 bucks for a box of Tide at BJ's or Costco. Take a look at their earnings report - Americans are refusing to pay it. Sales in "developed countries" are down. People just don't have the money. FOr some reason P&G is up today.
Gubmint is still printing lots of money to prop up the economy. In that environment a 20% decline is probably not going to happen but 10-15% downside is definitely possible.
Exactly. Find the bottom and buy buy buy.
“I’m looking for a 20% correction on which to buy.”
Me too. What number would inspire you to jump back in? I pulled it all out (minus the IRAs) last summer to wait for a sanity correction.
That’s what’s on tap come Monday.
Ping me. I am looking for bargains.
Just 20%? I have not looked. Is that a normal correction?
I feel the same though. Not because I am a believer in the obamanation economy but because I am a believer in inflation and this is my preferred way to combat it. Not gold.
Upon correction I plan to be an aggressive purchaser of low cost index funds.