Do you follow this rule " Buy when everyone is selling" ?

[hajimow]

Isn't it now?

 

[The Big D]

No, you need to buy when everyone has sold AND someone has offered to make a market behind them. That's a very different proposition.

 

[Random.Capital]

Quote from hajimow:

Isn't it now?

If everyone was selling and nobody was buying, the market would be at 0. It's not at 0, therefore by definition not everybody is selling.

 

[nutmeg]

Frankly, I'd wait till Obama makes the call to Mad Money and asks about buy and hold.

If Cramer responds " profit and earning ratios are starting to get to the point where buying stocks are a potentially good deal if you've got a long-term perspective on it."

Then we got a lock.

 

[Haroki]

Worked just fine for Mr Addams (Addams Family) and Rodney Dangerfield (Caddyshack).

I say go for it......

 

[subban]

Yes, works fine if you know market timing.

 

[Ghost of Cutten]

Buy once everyone who is going to sell has sold, not when everyone is selling.

 

[frozzor]

every transaction involves a party selling and a party buying...

 

[IronFist]

yes.

 

[corbel]

I sure am. Although I have no idea where the bottom is. I'm putting in a tiny bit every pay check, hopefully buying all the way to the bottom.