Seymour@

Buffett and Cramer Agree: It's Time to Buy Stocks

Grantham of GMO fame has stated that fair value for DJIA is 9000 and S&P is 1050. Both are now below this. Makes sense to dollar cost average in now even though may go lower. Hedge funds are selling down for September redemptions, many will go broke. This is the reason for the sudden drop. Soon the value investors will start buying. Remember Buffett has NEVER bought a stock at its very lowest - it is nearly impossible - he just decides that is at least 20% below fair value and acts - it's better to be roughly right than precisely wrong. Have courage but only if you have a long-term perspective and enough of an income to wait it out. In a few years you friends wwill be calling you a stock market genius!