The best time to buy is at the bottom. Thats after the smoke has cleared and there is nothing but cinders left. Heck, you can even wait until some signs of new construction begin to show.
Until the credit mess sorts itself out, I’m staying out of the market other than a few small speculative investments in gold and some short ETF’s.
No knife-catching here. I am simply suggesting that timing the stock market is not as simple as some people claim it is. Once the smoke is clear, the lack of smoke is priced into stocks. Maybe you interpreted this to be in reference to the housing market. In that case I would agree with you. But with stocks, the markets swing too quickly to time as well as real estate. I would rather stick to my asset allocations and add to certain positions on weakness. Perhaps I am not nearly as smart as others on this board.
