imported post
Just when we think we couldn't go THAT much lower...:s
Something has to give.
But like ST said in his talkthread, trying to find the bottom in this sort of market climate is like playing with fire.
I feel like I felt back in March when I was invested in (I)- stuck in the muck-n-mire.
I noticed that theeuro, pound, and yen were gaining strength against dollar, so hopefully this will be good for the (I) come Monday. Who knows. No one knows.
Well, to sum up, I'm not going anywhere. Because when I do, the market takes off- even if it's a mini-rally. In the meantime we must keep this in mind- when the market does have a couple good days, we need to take those gains and move to (G) in preparation for another sell-off. The mistake I've made in the past was trying to recup ALL of my previous losses by staying fully invested when the market seems to be on the up-swing. This can be very deceiving. That's why it's best to bank those short-term gains so you do not lose those too and then some when the market eventually takes another hit. Also, dollar cost averaging seems very dangerous so far this year since it's been a losing year.
God Bless:^