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IMADreamer wrote:I don't know about you guys but I think it's time to buy. The market is down 1200 in two weeks.

As someone who just started retirement saving about 18 months ago, I'm actually almost excited about the current state of the market. I'm enough of an optimist to think things will turn around by 2050.

Transmogrified Tiger wrote:

IMADreamer wrote:I don't know about you guys but I think it's time to buy. The market is down 1200 in two weeks.

As someone who just started retirement saving about 18 months ago, I'm actually almost excited about the current state of the market. I'm enough of an optimist to think things will turn around by 2050.

Be like Buffet: buy the whole way down. I was almost mad I was still in school that fateful October week.

I'd have eaten Ramen for a month to pump every penny I had in to a 401k/Roth.

It's not turning around until employment picks up, and that ain't happening until America gets turned over to the conservatives for 4 to 8 years and we get sick of them.

Transmogrified Tiger wrote:

IMADreamer wrote:I don't know about you guys but I think it's time to buy. The market is down 1200 in two weeks.

As someone who just started retirement saving about 18 months ago, I'm actually almost excited about the current state of the market. I'm enough of an optimist to think things will turn around by 2050.

Yeah, I've been pretty upset that it got back up so high and didn't drop back down. I was loving it when it was at 8,000

We may be heading back to 8000. lol Anyway, I bought some shares today.

I really, really would not recommend buying in right now. This is not a rational market. It could drop another 1000 in the next week.

Market timing is almost always a bad idea.

Arthur Dent wrote:Market timing is almost always a bad idea.

I agree on 'short-term' stuff. But if I can afford to toss an extra couple hundred in to retirement accounts while things start sliding? It's a great investment. If you bought an extra $100/month when the the market started slipping in Oct around 14k, wouldn't you have nearly doubled your investment on the way back up?

Carl: Yeah, Homer, what's your secret investment?
Homer: Take a guess.
Barney: Uh, pumpkins?
Homer: [pause] Yeah, that's right, Barney. This year, I invested in
pumpkins. They've been going up the whole month of October and
I got a feeling they're going to peak right around January.
Then, bang! That's when I'll cash in.

Broker: Homer, you knuckle-beak, I told you a hundred times: you've got
to sell your pumpkin futures before Hallowe'en! Before!
Homer: All right, let's not panic: I'll make the money back by selling
one of my livers. I can get by with one.

I'm writing this to summarize for myself, not giving advice to anyone- I look at a lot of charts of individual stocks and very few look good right now, in fact most look like dog crap including mining stocks that have been great money makers and "should" keep going up as long as metals stay expensive. There would not appear to be a reason to rush in and buy stocks right now.

However, as I mentioned in the {expletive}-deficit thread, solar stocks have been beaten down severely for a long time. The reason for this is that solar panel prices keep falling due to increased competition. Along with panel manufacturers, the stocks of solar installers and equipment distributors have gone down as well. This makes no sense to me because there is available financing for residential and commercial solar projects and revenue of these companies seems to keep rising. As panel prices fall, more people can afford solar installations. Jut looking at charts today, two companies look slightly hopeful they are near a bottom, and I am looking at them as possible buys- Westinghouse Solar, (WEST) and Real Goods Solar (RSOL).

I believe there may be an opportunity in stocks of companies that distribute or install solar panels now that prices have fallen, that's all I'm saying. Anyone know about solar and have any thoughts?