Time to stock up on some cheap SPY?

kmiklas said:
Are you trying to catch a falling knife?

You realize that they just shut down New York effing City, along with pretty much every city across the globe.

If you're going to buy into this market you'd better damn well have a cost-averaging plan in place.


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Where can I find a cost-averaging plan to buy UAL? I want to buy some of that stock with about $10K.
 
padutrader said:
and even if the bottom was made yesterday there will be plenty of time to buy because no one is going to believe the bottom has been made.
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ho-ho
when you realize the bottom is in market will be up 20-30%. And it's going to happen as fast as this correction happened if not faster
And you will still wonder what's going on because situation would be so dire on streets
By the time news turn market will be 50% higher
 
SimpleMeLike said:
This man is right!!!!!! Trying to catch a bottom is just not worth it.

I have $20k to buy stocks. I will pick 2 and buy in increments of 3.

Stock A. $5k Monday. Another $5k I don't know

Repeat for Stock B
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Actually not a bad idea in these days of zero commission environment. In the old days, not practical because of commissions.
 
kashirin said:
ho-ho
when you realize the bottom is in market will be up 20-30%. And it's going to happen as fast as this correction happened if not faster
And you will still wonder what's going on because situation would be so dire on streets
By the time news turn market will be 50% higher
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that is true if the fundamentals have not changed as was the case 9/11.
it is totally absurd that markets fell 50% because one building fell.


but not today when fundamentals have shifted so badly
 
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