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Ghost of Igloi
RE: Down goes the Dow

seattle prattle wrote:

Ghost of Igloi wrote:

seattle prattle wrote:

I have been waiting a few days to see if it drops down back near the lows, in which case, i would buy. But i get the feeling with prices holding steady, and modest buying, that another dip isn't going to happen. So, if no dip early tomorrow, i probably will buy. Thx.

Might as well flip a coin in my opinion. In the end it will be a bad trade unless you are extremely fortunate.

Well, i have certainly been extremely fortunate so far, and today was no exception.
I know there's some discussion of positioning oneself going forward on here. My bet is that we gradually rebound to a few percentage points short of the previous high, and the closer we get, the more volatility there will be. I say this because some investors really do seem to be reacting adversely about the rising interest rates, and that is very much a new normal, unlike before.

So says everyone else. So the cost of money is not an important factor, yet you and everyone else said low interest and an accommodative Fed supported markets. Face it, no matter what the data says you believe the market will go up, of course until it doesn’t.

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