Quote Originally Posted by Stonewall2002 View Post
With the Dow now at or near 6700 I have more DOUBLED my 401k contributions. A month before the September crash I withdrew my entire 401k and invested in an extremely undervalued home, so I was lucky to have pulled out before the carnage started. This is a perfect opportunity to get in while things are CHEEP!!! The current state of the market is nothing more than a psychological reaction to Obama economic policies, and while he may continue to bumble through his term, there isn’t much farther the markets can drop. This is a huge opportunity to make some big dollars by investing. We are at or near the bottom.
Everyone has their opinion, but I believe it to be much more than just an emotional reaction. There are a variety of factors, the biggest being credit. Too much available credit in the past is just as responsible for our problems as the lack of it now.

Things are terribly overpriced, and I believe they've gotten gotten that way because it has been so easy to borrow money. People've been willing to make monthly payments on huge debts, and prices have gotten stupid because of it. For example, the sticker on a new Chevy Z71 4 door pickup is $54,000+. The wheels'd rot off that thing before I'd pay anything close to that, because it just plain ain't worth it.

I also disagree we're at or near the bottom, there's plenty of room for the markets to drop. I fervently hope I'm wrong, the market is up some today. But we've got a nasty unemployment figure waiting to be announced Friday, and that usually doesn't do the market any good. I figger the federal government will have committed to borrowing and spending a few hundred billion more dollars by Friday as well.

If you're bold enough to buy in big right now, I admire your guts.