!nquiring Mind wrote:
This sub-17K dip is a fantastic buying opportunity. If you've been sitting on the sideline, now's the time to get back in.
I think you are right. I am a buy-the-dips kind of guy. I like to buy things on sale and I am starting to back up the truck with this recent dip.
I got out in September, 2011. I expected that drop to go further and have been waiting on it, but it seems that my fears at the time were misplaced. Oh well, I didn't lose money since I wasn't short (just in cash & short-term bonds)... just lost out on some profits if I'd been in.
It's pretty clear this bull market is just getting going. There is a lot of negativity and everyone is predicting a big drop. That's when I like to buy stuff... when the blood is flowing in the streets.
I'm about 80% invested in stocks now (was at 10%). Looking to get to 100% if this panic drop continues.
Booyah!