Monday night/Tuesday morning - Asia indexes hit 2 year low

[Speck Tater]

RPT-GLOBAL MARKETS-Asia stocks hit 2-year low on financial fears
Tue Jul 15, 2008 2:46am EDT

http://www.reuters.com/article/marketsNews/idINSP26371020080715?rpc=44

It's starting to look more and more like a slow-motion film of a building imploding after the main support structures are blown. In spite of occasionally uptick days, the whole shebang is falling apart before our very eyes.

[Common Sense Party]

1. "Buy when most people...including experts...are pessimistic,

and sell when they are actively optimistic." -- Benjamin Graham

Or, if you prefer the more abrupt version:

"Buy when there's blood in the streets." -- Baron Philippe de Rothschild

[Celebration]

2. the trend is your friend

The blood now is a bad scrape. The gusher needing a tourniquet could be yet to come.

[Common Sense Party]

3. And the worst may be behind us.

Ifyou think long-term, and if you see good bargains, now's as good a time to get them as any.

Too many people wait for bottoms that never come.

[AnneD]

4. I believe in bucking the trend......

but I still think we have a way to go. I basically got out of the market 2 years ago because I didn't trust the unemployment numbers, and saw the Real Estate bubble for what it was, among other things. I based my judgement on what happened here in Houston during the late 80's (the parallels are amazing). I missed this last 'rally', but I focused my efforts on paying off my debt, which at sky high interest rates-caused my money to 'earn' a higher rate than it could have in the market anyway.

I liken market timing to throwing a ball up into the air. I try to catch it as it arks up and get out as it arks down. While I don't hit it the exact moment it rises or it declines, I am good at getting close. We still have a way to drop and I am not even looking to get seriously into the market again until at least a year or two (depending on the signs). The only stocks I have kept are the ones in overseas markets which are giving better returns. I have gold and silver which while not an investment, is surely a hedge against inflation. And I have a wicked good pantry so I am still eating at mainly last years prices.