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Unfortunately I think the bottom won't be until we hit 15,000 in the Dow, and maybe 4,000 in the NASDAQ. Then there will be some great buying opportunities, but now might be the best time to buy, as the bounce back from the floor will be missed by most investors when it happens!Do you think the bloodbath is over? Does it rebound tomorrow? If you're bullish, there has to be many great buys out there right now. If you're buying, what are you buying with the big sale going on right now? Will you buy tomorrow?
Who said anyone is looking for investment advice? It's interesting to know how people feel after these last few days. I for one believe that the condition is oversold because of China. I bought 2 nice stocks today, NFLX and GOOG. I already owned them, I just added a little to my position to average the cost down.I take all of my investment advice from the guy who takes my football bets. I would never ask for investment advice from such an unreliable source as this forum!
It may continue to lose but it's pretty hard to believe we see 5000 again. I think it is possible that we see 10 but not 5.
You can buy utilities like Southern Company and get a 4.7% dividend yield. Does anybody think they'd be better off holding a 10 year treasury?