02 02 09 remain invested in the recommended funds from Vanguard,
stockcharts.com
This week is no different that the last few and that is I feel like it is wiser to be invested in the stock market at this time than not to be.
Yes the market is in a downtrend and this is a fact, and it could go lower, but looking at the charts above most have decline in the area of 50% from there highs, the 50% level is a common retracement of a bear market, it is in the area of where historically the market has bottomed.
Doom and Gloom is everywhere, anyone that you talk to will tell you that thier accounts have fallen substancially, and in fact anyone following this site is down a few percentage points, maybe 20% at the most.
The call to enter the stock market was made on Oct 13, from the charts on the link above you should be able to tell about how much you have lost following this site, compared to the rest of the world you are in very good shape,
This may be little comfort to anyone that is down a little but be assured there are many that would trade places with you.
So my advice is stay pat, be invested and try not to worry about it, we are close to the bottom, there may be one more decline but we are in the are historically of what should be it.
From a technical stand point and looking at the link above, all the charts have moving average line applyed to them. one is red and one is blue, I have talked about these many times in the past.
Currently price of almost all the chart are below the blue line, this is when the market is under pressure and is what is expected in a bear market. When these charts start to show prices that are above the blue line is when some hope that a bottom is in.
Remain calm, remain invested, |
