The Market Bottom?

[Tbar]

IMO the market is nowhere near its bottom. I think it could go to 12-13,000. If you are young and a long term investor then it will eventually recover. In the credit crisis of 2008 with 40-50% losses, the market eventually recovered those loses and made nice gains but that happened over a number of years. That is why younger investors can afford to take more risk because they have time on their side.

If you are at or near retirement then that is a different story. The combination of withdrawing money for income coupled with a severe decline in the market is a bad combination. This is why investing models gradually decrease the percentage in stocks as one ages and nears retirement.

Hope I am wrong but I think we will see the DOW continue to decline for awhile.

Date of your post the S&P 500 2663.

Aug 28th the S&P was 3508

[rtp]

So glad I bought all the way down. I actually caught the botton with some of those buys. I didnt really buy on the way back up which was a mistake. I kept thinking it was going to retest the bottom and I would buy more then but it just kept going up. I spent about 75% of what I had allocated to spend so Im not too mad about it.