Market meltdown. Ever since the bailout was approved, market did not recover, it went the opposite way. I literally can feel the fear in the air.
Quoted from Warren Buffet, the greatest investor of our time, “When people are greedy, be fearful. When people are fearful, be greedy.”
Since now fear is everywhere, shouldn’t you be greedy? How many of you are ready to enter the market?
With all the analysts telling people to hold cash now, I doubt many will be ready to stock up on companies equities. But I know there are a few friends in my circle who are ready or have started buying up equities at a discount.
Yesterday, I was at a stock trading preview. The speaker mentioned that based on this trend, nobody buys. You will lose money if you buy. Well, at east Warren Buffet is buying. If the greatest investor is buying, I think I will follow him as well.
I also remember someone told me this many years back. If everyone is complaining about the stock market, it’s time to buy. On the other hand, if taxi uncles are earning from the stock market, it’s time to sell.
Once again, I smell fear in the air now.
