| Long term I agree with you, however the further the market drops, the more "long term" becomes really long term. I mean, what good does it do to buy a stock at $100, more at $80, more at $60 and etc....eventually you run out of cash...or at least most people do....and then the stock continues down to $10......now, we are talking years before you even get to break even. Certainly, had you preserved capital with tight stops, you would be out, but again, how many times have we heard " we are at a bottom, buy this market"......so far, nobody has been correct and we are still looking for a bottom. I guess my point is that unless you have an endless supply of capital, how do you keep "buying this market", if your not selling anywhere....and my whole point to vster was simply that he always says to buy because we are at a bottom, but I never hear him say sell. Since 4300 or so he has been saying only a fool is not buying this market......it's not just vster, it's everybody.....heck, just the other day I made a comment about maybe getting discounted prices this week. This was made on friday with naz at 3000 close. JW replied something to the effect that I was stupid because the current prices were discounts, and I was foolish to be selling and not buying. he implied that I had no idea what I was talking about or doing. meanwhile, just a few days later, we are 400+ points lower on naz, and now all of a sudden, JW is talking gloom and doom and much lower levels on the naz....and again, it's not just JW either......like I said, everybody flip flops opinions, but the fact is nobody knows who is correct and who is not, yet certain people are allowed more leeway in their posts then others. |
