If you’ve got money sitting around we’re getting very close to a buy point.

If it closes down 400 points (like it’s looking to open) that’s be a classic 10% correction.

It tells me to buy.

And if it goes down even more?

Buy more.

Just don’t blow your whole wad in this initial buy back.

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  1. bogsidebunny says:

    Part and parcel of my doomsday for the great economy scenario. I just hope it doesn’t turn into a bottomless pit occupied by a black hole tranny villain.

  2. The Grunticus says:

    Meanwhile the spot price for gold is now nudging $1700 per ounce. Those with precious metals in their portfolios are in great shape. Those without are SOL (at least for the foreseeable future).

  3. Leonard Jones says:

    Selling stocks at a loss is the stupidest move an investor could make. This
    virus (though more widespread than most) will pass in time and the markets
    will correct.

    El Rushbo just reported that an American Pharmaceutical company is already
    conducting clinical trials. (Good luck waiting for Zimbabwe to come up with
    a vaccine or treatment)

    Something dawned on me: Investing in that company at the right time would
    be a good move!

  4. taminator013 says:

    I have half my IRA in annuity which gives me a nice, steady income no matter what the market does. The other half I invested in a number of different funds and have all the dividends and capitol gains going into a cash fund. I think that I can weather the storm just fine, thank you………..

  5. The Grunticus says:

    Just bear in mind that in situations such as this, panic is your enemy. I began moving out of mutuals and bond funds just before the Clinton crash in the third quarter of 2000 and never lost a dime. All of my assets are now FDIC-insured jumbo CD’s and negotiable precious-metals coins. The portfolio may not be as diversified as the “egg-spurts” recommend but for damn sure I ain’t gonna die penniless.

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