Posted By:
Charlie BarokasBoxingman,
All due respect, you are missing the point, the current siutaion is bad and mostly it will continue to be bad but just as the news is best at the top...the news is never good at the bottom. By the time the news gets better the stock market will be much higher. So again, as I said on Sunday, buying not selling will make you the most money when the herd is extremely pessimistic. Lehman traded 24 on Monday...I wonder who will be happier in the long-term....those who bought at that price or those who sold?
And for those who keep referring to Bear Sterns on Friday...the market bottomed in large part because of the $2 takeunder. Therefore, Friday the market was a sell and Monday it was a buy.
Can we please get back to cardboard. This board is turning into CNBC.
CB