Hi Aduke,
I think we should be prepared for everything we own to be somewhere between 20% - 30% cheaper before this is over. EVERYTHING ! Will it happen, I don't know, but don't be surprised if it does. Of course, if when the bottom is reached, the rebound will be nice, so keep some cash around for bargains.
Like everyone else, I have stopped buying. I made 3 trades yesterday, watched them go up from where I bought them, and then later on, got stopped out. I lost around $1,000.
When people are forced to sell, or decide they have had enough, they are not choosy what they sell. Even stuff that didn't run up in the first place. If you were around in the summer of '98 when the small caps crashed, you know what I mean.
Take care,
Chris |
