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The problem with trying to pick the bottom of a slide is that you never know until you're many months if not years out of it. It could just be a bear bounce. I
by dschobel 18y ago
The problem with trying to pick the bottom of a slide is that you never know until you're many months if not years out of it. It could just be a bear bounce. I certainly wouldn't start proclaiming that people have missed the boat on the value.
Either way, the bottom line is that there's historic value out there today and it just depends on your level of optimism whether America and the civilized world in general (and their economies) will be around for another 100 years.
So unless you're glenn beck, there's cause of optimism.
- electromagnetic 18y agoIf you're looking for a long term investment, then I don't think anyone's missed the boat. In the long run, buying in a few months late won't affect you much right now. IMO Apple is pretty much guaranteed to double in value when the economy returns to normal, so if I had a spare $20,000 I wouldn't mind putting it into the company, if they pulled off another iPod effect on their stock then all the better.