As the Stock Market Worsens . . .
Brace yourself. It has been a bad few weeks and things might get worse before they get better. We hit 4-month lows today, and people are pessimistic about the market.
I do not think all the pessimism is justified, but when this attitudes enveloped Wall Street you need to hold on for dear life.
My stocks have been getting crushed, and it hurts. I got burned a couple weeks back trying to push more money into my stocks they have gone down–trying to get in at a discount. The problem is that they are further discounted and will continue to be. I will try to hord up some cash and continue to buy good stcoks on the way down as they become cheaper and cheaper.
Written by Nagel on August 15th, 2007 with
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