Nov 7th, 2008
…But Has the Bottom Hit?
I’m not one for market timing, so it’s hard to say that any day is better to buy into the stock market than any other day. Yes, I know a bit about valuation, price to earnings ratios, and historical stock market trends and values. I’m very aware of how past bear markets have played out. I don’t time markets and I don’t think it’s wise anyone do so.
Have we hit a bottom? It’s hard to say; I don’t know of anyone who can definitely say one way or another. What I do know is the same thing I’ve been stating: I have a plan, I’ll stick to it.
So the answer? I hope the bottom’s been hit and stocks keep moving up, but I don’t know if it has, and really, it doesn’t actually matter. I just follow my plan and in the end, things will take care of themselves.
[...] you recall, I wondered if we may have hit bottom when I reviewed the performance of my model portfolio in Octobe… a few weeks ago. Now it’s clear we didn’t, although the performance of the stock market [...]
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