I for one believe in “stocks are a good long term investment” + “buy and hold”. How long is the credit crunch going to last? 10 years? 20 years? For 30+ years, I couldn’t image that economy does not come back and become stronger than what it currently is.
I go off every day in the morning to create values for the economy, like billions other people around the world. How can the economy and overall stock market does not go up for long term… unless there is WWIII or something when people just kill each other off.
The best time to go into the market is when everybody is selling. And the best time to get out off the market is when everybody is buying. It applies to real estate, stock market, whatever. The dooms day forecasters have been with us for centuries, but human being always find a way to prosper.
