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The whole buy because everybody hates it argument.
- Thread starter pathus21
- Start date
Quote from pathus21:
I am generally bearish the markets, the world, and life in general for the foreseeable future. Everybody I know is either bearish or scared and starting to see the impact of the recession on their lives.
Pretty much every fundamental thing I look at makes me want to get short the DOW and buy gold with half my money, and take the other half of my money and buy lots of guns and canned food and hide in a hole somewhere.
Isn't this supposed to be when you start buying?
Too bad I didn't have the balls to buy at that point. I got in after the rally had started for at least a few weeks. Interesting in hind site. And the funny thing is, I learned this from reading Jim Cramer's Confessions of a Street Addict.
Quote from pathus21:
I am generally bearish the markets, the world, and life in general for the foreseeable future. Everybody I know is either bearish or scared and starting to see the impact of the recession on their lives.
Pretty much every fundamental thing I look at makes me want to get short the DOW and buy gold with half my money, and take the other half of my money and buy lots of guns and canned food and hide in a hole somewhere.
Isn't this supposed to be when you start buying?
After the markets rallied a gazillion? You tell me...