The swings haven't been as crazy lately. A relative bottom?
Hi SS, welcome to my thread and to TSP Talk Forum. I'm still recovering from Thursday's Whooping that your
team gave mine, but I'll do my best to see through it and answer your question. :nuts: A relative bottom ? Maaaaaybeeeeee ! It's just so hard to tell. Then again, it always is. Pundants
will cry out bottom's on TV -----> then retrack thier statements as the market takes another dump. The 2008 crash was no easier. But you all ready know that. What I can say is
this; I believed the 1100 level was key. Now I'm hearing the high 10's in the S&P500. Should the market not withstand the test and goes lower, I haven't a clue as to when she'll
stop. In my gut, I think we're closer to the bottom then not. In other words, there's less downside then up. I'm hoping that August continues to disappoint. (I'm in the G). Come
September, I'd like to see 1075 before putting half my money at risk. Should she close lower, I'll have some dry gunpowder to average out the cost. Should she go higher, then I
usually jump in with both feet (head first). Everything I've said is subject to change based on my Gut, Mood, Research and what The Woo tells me. :cheesy: The only thing thats certain is
my confusion. A final word: if you jump in and find yourself wrong (the market goes down further) then remember that you don't lose a penny until you sell your position and jump
to safety. Don't be so quick to do that. Do what I do, close your eyes, walk away and man up until you see what you had originally hoped.