I have been waiting and waiting, for two years, for this market. Was betting on the bottom being 9-10000. Wondering now if it might be more like 8000-9000. Still, timing the market is not wise. Getting in some now and more over the coming weeks.
It is very possible that the Dow could test these 7-8000 lows. Can’t imagine much more than that. Then again who thought we would be where we are today. Big mess.
So you sold at the top in May?
yitbos
Here’s an analyst who says the Dow could very easily be headed to 7000:
http://biz.yahoo.com/ts/080930/10440019.html
I’m predicting the Dow has another 800-1000 points to drop before it has bottomed out. Looks like you and I are seeing the same things.AWB