[napscoordinator]

I hope it keeps going down. Yes I am taking a hit right now but I want to buy more shares and this is an excellent way to do so. I have always purchased when the stock market is down. Some people are so crazy and buy when the stock market is doing well. Never made a bit of sense to me. I pray that is plummets more and more and most people should hope the same thing. It is a buyers market just like housing is. I have been making money like crazy during this time. People never take advantage of down times. They always buy when things are good......I must not understand people's thinking. I think people just get scared. I heard a few people say they were going to sell soon. I said are you freaking insane.....BUY. What am I missing? Certainly nothing in my bank account that is for sure.

[FerociousRabbit]

Buy low and sell high? That sounds so crazy it just might work!

You are correct though. All too many individual investors do the exact opposite.

[lado]

You’re absolutely right. My IRA was never doing that hot for many years, and then in March 2009, at it’s absolute bottom, I made my yearly investment, plus reallocated some of my existing investments. I got a lot of shares for the money invested, a heck of a lot more than if I had invested at the high points of the market. After it went back up, I’ve been way ahead ever since.

[BenKenobi]

Why do you think I bought so many dollars?

Housing is really hit and miss, depends on where you are, there’s a large oversupply and deflationary forces pushing prices down long term.

But I agree. I hope it falls all the way to 5k like it should have back in ‘08, and that we don’t get a TARP round 3, and let the market actually nuke all the malinvestments.

Then we can build up from scratch and start making money again.

[FightThePower!]

“What am I missing?”

I don't think you have done as well as you are bragging about. Stock averages have made no net progress since 1998. So I suppose you are an expert stock picker, you know, you've picked all off the winners, none of the losers like GE, Microsoft, and bank stock, PG, CISCO, Ford, GM, Wal Mart, etc. I could go on and on. I bet you just bought the winners like AAPL and Google.