techzone12

How to Know a Bottom When You Don't See One

Why don't we just admit that we don't know.. no one has a crystal ball. Only God Knows what the future holds..
I can guarnatee you one thing. When the market reaches the true bottom, most people will miss it. Most people will be taken by surprise, including me.

I am not ready to take the plung yet however, even though I have been out of the market since november of 2007. I keep my eyes on the macro economic picture. For now, the fact that we still have a lot of uncertainties, make it very risky to invest. We still do not know what the banks are hiding. We also know that the foreclosure crisis is growing. So for now I have decided to continue to stay on the side line, but ready to enter with maybe 10% of cash. I will keep you posted :)