It irritates me that he lumps together those that say The worst has come! along with those that say Now is the time to buy! It can be the right time to buy, even if you're not 100% sure that we've hit rock bottom.
As Warren Buffet put it: Be fearful when others are greedy, and greedy when others are fearful.
Well, there's a crap-ton of fear floating around right now, so maybe it's a good time to buy. Maybe not the best time, but if you know when that is, you already know the future so you've got nothing to worry about, right?
It's a good time to buy if you aren't looking to get out tomorrow. That's why day trading is such a shady and risky call.
Most of us will still be around when we pull out of this recession, so a buy anytime that we're in it is a good call... you may have to wade through a little muck, but it doesn't really matter if you make $10 or $20, what matters is that you make money.
As Warren Buffet put it: Be fearful when others are greedy, and greedy when others are fearful.
Well, there's a crap-ton of fear floating around right now, so maybe it's a good time to buy. Maybe not the best time, but if you know when that is, you already know the future so you've got nothing to worry about, right?