This forum post is hidden because you have chosen to ignore MycroftHolmes. Show Details
This forum post is hidden because you have submitted an abuse report against it. Show Details
In Response to Re: Down heading down to $9,000. by mbaker673
Anytime the DJIA goes down, you can say it is headed toward 9000. If it goes up, you can say it it headed toward 10000.
The way to make money on the market has always been the same: buy low, sell high. The catch is that no one knows where the top will be (and you should sell for maximum profit) or when it will hit bottom (and you should buy). With everything else, we buy more (as when there is a special at the grocery store: buy one, get one free) when the price goes down and sell (as with real estate) when the price goes up.
But with the market, when proces reach a top, everyone screams BUY! BUY! BUY! (and people do, as you can see by volume data) and SELL! SELL! SELL! when prices are low.
So what will the market do?
It will fluctuate. Inform yourself, determine what your risk tolerance is, and act accordingly. You cannot influence what the Greeks or the Germans or anyone else does.
There are a variety of bond funds that have done quite well recently.