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amassafortune (29.12)

December 2008

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S&P 840 Looks Like the Short-term Support Level

December 01, 2008 – Comments (4)

I am no technician, but in this market I'd like to be psychologically prepared for the ultimate bottom. For long-term investors, the bottom doesn't matter much, but if it ends up being another 40% below today's December 1st S&P starting point near 900, it's going to get scarier than it already has been. Long-termers can feel secure that the upcoming months are the buy-low months that they will fondly remember in the coming decades.   [more]

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