Originally Posted by
CrazyEight
And it tanked after 9/11 for 56 days. What time frame are we looking at? Pull up every correction since .com bust. Sure NASDAQ took a decade, but everything else just goes up. People don’t have pensions, anyone remotely considering retirement is buying a business, equities or real estate. Companies and real estate is still expensive, that leaves equities.
What direction can the market move when people start piling in at 5000? Sure the hedges finally made money on a short position, but they’ll be the ones buying at the top after retail, State Street, Blackrock and Vanguard kick it back up to 6000.
DYODD
I’m actually considering leverage if we go below 5000. Buy wonderful companies at a discount.
Leverage buying aside, this dip is an opportunity. This is why dollar cost averaging works. Dips and downturns are always more identifiable than peaks but it does take fortitude which most don't have to keep shoveling money into a market going lower each day.