Re: Global Downturn today - what are your thoughts?
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So I'm about to enter the market using index funds in the next few days/week. Obviously this is a buy and hold strategy, but do the recent events have any bearing on me such as when I should put my money in the market?
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Either mid-afternoon today or mid afternoon tomorow is going to be a locally good time. Look for a concave up, leveled out graph in the index in question & decreased volume.
However, I have no real opinion on the longer term direction of the major indexes. This may be a horrid time on a larger scale. I make a point of only trading on a timeframe where I can accuratly predict what's going to happen, and my crystal ball rarely sees farther than about a week ahead.
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