8200

The market will likely bottom at 8200, we are seeing all kinds of patterns here - we visited this zone about a week ago and it bounced up and now were are back in that zone again.

The bad news is that damage has been done to the economy. We have to all work twice as hard, for half the pay. Thats just the way it is. Today's an important day for me at work but I wanted to write to you just a fast note that if you want to buy in, its a long ride - you won't buy in at 2, and then suddenly see 5. But you just might see returns in six months.

I resisted the temptation to buy in yesterday. Bear in mind that in 1929 the crash preceded the actual depression event, which occurred in the years following. Obama's presidency is a shot in the arm. Historically, Markets have always rallied under Democratic administrations (look it up if you don't believe me).

So hope for the best, but plan for the worst. If you can buy in, go ahead.

Comments

Gorthaur Ultsch said…
uh-mm . . . not so. The market has much more to do. Watch the unemployment numbers in Feb/Mar.
Gorthaur Ultsch said…
Today note the 9% drop: false top. Some mutual funds have lost 50%... not done yet.