I admit, to jump back into the market today you would have to seriously "grow a pair" as big as an elephant! There is still more room for the market to drop apparently another 9,000 points! Logically, if you are a wise investor you can start to see the opportunities that are unfolding before you. There are bargains that you can buy into for a pretty sweet deal and you should consider picking them up while they are so low. Consider buying for a long term horizon.
The Stock Market is a leading indicator of the economy in that it precedes the economy by about three to four months. Analysts believe that we will see a decline in the Gross Domestic Product (GDP)for at least two quarters. Technically this spells out, can you say it as a whisper,--Recession. The definition of an economic depression is if it prolongs into years rather than just a few quarters.
So, should you start buying again? You should start to see the market bottom out and heading back up within the next couple of weeks to a month, so if you want go out and grab some bargains do your research and make sure that the stock is sound and that there is solid management and good prospects behind it. Be proud of your cojones amigos!
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