Dow Below 10,000 - Time to Get Back In??

[UNCjigga]

So whaddya think? I'm a casual investor and I learned everything I know about stocks in college and from Peter Lynch. With the bear market now 'officialy' 6 months old and the Dow dipping below 10,000 for the first time since April, what do you think the outlook for the next 6 months is? Would you consider this a time to get back in or will you be laughing at all the 'fools' buying heavy tomorrow? Please vote in the poll, and your comments and suggestions are welcome here!

 

[kranky]

If you're investing for the long term, it's always a good time to buy. For short-term speculating, I have no clue. I just keep putting my 401(k) money in every two weeks, so I have to admit I root for lower prices.

 

[DDCSpeed]

play at ur own risk. The stock market is always like that. Since we have no inside information and we shouldn't anyways + we cannot legally use the information to make money then it is really tossed in the air whether the stock u buy will make you money. My personal opinion is that if you want to invest long term then it is no problem for you to enter the market now and wait for 5 to 10 years to hit the peak...if it does hit the peak.

 

[GoldenGuppy]

Not yet... the dow should so its low by the time Oct/november rolls around.... if you're willing to take the cut as well as the low prices out there right now, then go ahead and reap the gains after a few successive losses... however, if you're going to play it safe... then go ahead and play the waiting game.

I suggest you consult the patterns of the latter quarters before actually indulging into a volatile market (and it's really, really volatile at this ponit in time!) just be careful, and cautious... wait

Werd (hand motion)

)(GG)

 

[ThisIsMatt]

Maybe you could invest in a console manufacturer. I hear they're going to kill the PC gaming market...

 

[woodie1]

If you do your homework there are some values to be had. For the short term-who knows. Great time to buy though.

 

[Hamburgerpimp]

Considering Cisco said they won't turn a profit for two more quarters, things look bleak in that Industry, as well as others. Although MS WinXP may revive a few sales, I'd suppose they'll get a lot of upgrade sales. Complete systems?? Computer Hardware for the average home user is dead. 5-10% profit margins at most. But, there's always services to sell. Then, on the other hand, any meathead with a skill says they're a Consultant!

I say we're still in for a ride.