I really don't worry about the sinking markets now. It's just too encouraging to most investors in the street. Why? We can buy low and deeply low! Perhaps, this is once in a life time. Why? The crocodiles in Wall Street are now poisoned by the very toxic dirts that they created and they can't hunt for preys anymore! This is excellent!
Genuine, prudent and honest investors can now count their fingers to figure out the lowest price to buy valuable stocks. Yes, Warren Buffett's purchase of GS stocks is a very good example. When the crocodiles in the stock casino are gone, it time for a real party of genuine investors! Rejoice, dear comrades!
I hope the DOW will fall below 10,000 so that we layman investors can buy at a deep deep discount like Warren Buffett. Of course, you must be able to hold LONG; as Warren Buffett has taught us: "Never buy unless you will hold the stock for 10 years or more." Think about buying good stocks at a discount of 50-60%; you have a margin of safety plus dividends returns and you have a time frame of 10 years to wait for capital gain.
I certainly don't mind the DOW falling another 10% or more! It will be golden opportunity for poor guys like me to turnaround our fortunes!
Yes, if you are suffering losses in the real estate market, perhaps, you should try to catch this golden opportunity to buy low after you manage to sell your house. Get the cash and spend some of it to buy low. BUT please wait until the DOW falls another 10% or more! It is only when all the crocodiles in Wall Street are dead, I mean really dead and absolutely dead, that the stock and bond markets will return to be the garden of profits for genuine, prudent and honest investors like you and me. And when such time comes (which I hope will be here soon), it will salvation for poor guys like me and we can honestly invest our life savings in the markets without fear,without being robbed by the devils in Wall Street, without being manipulated by evil speculators in Wall Street.
Come on, dear comrades! Gather all your strength and resources and fight this Holy War against the devils in Wall Street. These devils have released all the toxic dirts from Hell to destroy our world and we must do our best to put them to Justice and be God's warriors to send them all back to Hell!
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