Quote:
Originally Posted by cab2g
well lets put it this way,unless we're headed for a depression. now is a great time to invest. Many companies are at their 52 week lows and they have strong balance sheets. They are lower because everybody is lower not because the business will not be profitable.
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IMO this is the beginning of, not necessarily a depression, but at least another/continuation of the recession. The debt crisis is spinning out of control and every possible course of action being discussed by our
great leadership is ludicrous. They put a band-aid on the problem in 2008, not a fix and now it's catching up to us. Financials don't mean dick if nobody wants to buy your shares. It can be a good time to buy, but it's my personal opinion that this slide will continue for at least another few weeks, though maybe not quite as dramatic as last Friday and today. One should only invest what they can truly afford to lose. Sure, the reward potential is higher than typical, but the risk is also much higher. If it gives you an idea of how worried I am, I have a home trading station, multiple brokerage accounts, and I literally daytrade as my only source of income and I didn't trade a thing today, just sat back and watched. This is not some little insignificant bump in the road, it's the result of a serious problem. Just be careful.