I'm not sure what you think, but this morning's news of the market is distressing, not to mention confusing. It seems to me that like Warren Buffet said, it would be an excellent time to buy. From what I know, there is a selloff going on due to hedge fund liquidation. It sounds like we are in a period where investors have the opportunity to cash out of their investment in hedge funds. Unfortunately it only occurrs occassionaly (every three months), and massive selloff can happen all at the same time in a market such as this.
I'm hoping things will calm down because there are great deals out there in stocks, not to mention the real estate market. As long as we maintian a decent unemployment rate, we will get through this in a short period of time. Some experts say we have been in a down (recession) market for about 12 months, and the average recessionary time is 13 months. Others are saying we are in a similar market to 1979, I wasn't paying attention then, so I couldn't tell you anything educated.
Does anyone know what to expect?!!
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