What I'm "HEARING" in here is very short sighted "investing".
It should be FUN and EXCITING to be able to get a chance to buy shares "on sale" --- but look at these prices on a longer term view both backward and forward. The fact that something is lower than it was last week... is really extremely short sighted. The fact that the market dropped --- TEMPORARILY ---- 1000 points... after it's run some 8000 points since early 2009.... come on. Put that into perspective!
If your house went up DOUBLE in 6 years -- and then went down 25% -- you're still WAY AHEAD.
Go pull up a chart of the DOW --- go to ALL --- look at that line. '08 and '09 was basically a "Great depression" with the complete collapse of the housing and financial markets --- jobs followed.... but this was a financial collapse because of the GAMBLING that was taking place with mortgages and debt and margin by the largest institutions in this country. 1999 was another "recession" for stocks - which wiped out the complete EXCESS in the IPO and tech market...
You must teach yourselves to look at the market with PERSPECTIVE and RELATIVITY... Years ago a 50 point day was a moon shot.... today it takes a 500 point move... I couldn't buy fast enough when the market was down 1000 points --- not because I was getting such good deals --- I paid MORE than my basis of cost in the names I bought two years ago! I RAISED my cost basis with the buys. But they were just lower than they had been LATELY (thus the relativity).
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