did a lot of buying today, USB and ENB

 

i thought i would be slick and buy before what i thought would be a bail out announcement, not failure. but i'm trying not to look at this too closely. life will go on, markets will rise again.... i just hope it doesn't take 15+ years

 

^ exactly. 15+ years will make baby jesus cry.

 

Na, don't worry.. the FED is getting remarkably good at creating asset bubbles. I imagine they have it perfected now.

 

It only took ~25 years to recover from the Oct 1929 crash. We got back to the 1929 level in 1954. I'm sure some of you are young enough to be able to handle that. I'm not.

 

Yup, but it didn't take very long to inflate us out of the 87 crash. Certainly didn't take long to recoup from the 2000 crash. The next bubble will be here soon. Like I said, they're getting much better at it.

 

They indeed are very good at it.


I am afraid to say...we have a long way to go down.

I think we need to see a recovery in housing first....then financials.....etc etc etc.


We have not seen the bottom in housing....not for a while IMO.

 

Maybe for the Dow Jones index but not for Nasdaq. I can remember when Nasdaq crossed 5,000. I wonder if we will ever since Nasdaq cross 5,000 again in our lifetime.

 

Cthree, I'm not saying it isn't a good investment right now. But why go through short-term pain if I can be more patient and avoid it? I didn't jump in (again) at the $120's price and my patience was rewarded (having already scaled in at $168 and $150). Congress isn't going to do ANYTHING tomorrow. Why do we figure AAPL, along with the rest of the market, isn't going to sink a little lower?

Is there a price that makes something irresistable? Not is today's market. Is that emotions or reality? If you'd told me a few months ago I'd see $100 AAPL I'd have told you I was going to take a loan to back up the truck if I had to. Today I'm feeling poorer but wiser.

 

^ U can never really catch a bottom of a market. What would you do if you woke up and the Dow went up 2000 points? or went down 2000 points? I'll buy some here and some even lower. Everything is on sale now pick up and look long term.

I'm not trying to be a prick here but people are really getting to scared of the market. Last year people were saying the Dow was heading pass 15,000 and people were buying stocks hand over fist but now it's down 4000+ people are selling good solid companies down the drain.

I really starting to believe that people are getting way to scared right now. Who knows what the future is in store for us. I believe long term is ur friend as of now.

Cheer up guys I believe the next president is going to do a lot better job for the American people than what Bush has done so far.