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Re: ZavBar post# 25780

Wednesday, 11/12/2008 6:37:36 PM

Wednesday, November 12, 2008 6:37:36 PM

Post# of 42555
I understand all that...& was speakin in very genl terms....not so much w/re to individual stocks but more so w/the broader indeces. So pls tell me.....do u really think the dow, etc is w/in 10% of the bottom? If so wouldn't u agree in that a longer term buy & hold start at these levels is prudent for the average investor?

If ya think the mrkt is gonna correct more than 10% to the south then I would agree to hold off on that long term approach.

But this is what I meant by that post. If folks are waiten to try & time the bottom, they're nuts....do ya really see the dow sub 7K?

It wouldn't surprise me if so but I still think the chances of that are no more than approx 20%....I'm still sticken to my 72-7500 bottom call....which albeit is a few pts more than 10% from here but I aint splitten hairs. So I aint sayin to go all in here....but I'd be ever so slowly nibblin & continue doing so thru the end of Q1.

That lobster analogy may be more applicable for the pennies....not so much the broader indeces.....just my 2 cents...which is worth more like 1.5 pennies :0





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