You see stock prices have fallen to such attractive level that I find it too difficult to resist. But the more attractive the price is, the more deadly it may be for anyone to buy low now.
We are not seeing a falling knife. What we are seeing is a desperate sell off to get cash to fill black holes in the housing and credit crises. There is no way for you to measure the depth of the black holes! They will suck up every single drop of blood in the liquidity market and ultimately the whole universe.
No, I have no fear of losing money but when the black holes are there and you are still maintaining a balance outside, why get close to them? Perhaps, it's human nature to play with fire when the fire is so beautiful. Once again, Shakespeare comes into my mind:
"As flies to wanton boys so are we to the gods."
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