DOW JONES INDUSTRIALS and S&P hit new lows
Monday, March 2nd, 2009The Dow hit 6820 this morning.
S&P 500 hit 707
I thought DOW was a good buy at 10000 and the S&P500 at 1000.
Boy, was I wrong.
I still see the S&P 500 doubling in 5 years, so long term is still looking good to me.
but we’ll see what the future holds.
I see more and more experts feeling fearful. This means that we either hit bottom or bottom is very near. When experts say cash is king that’s when you know it is time to start buying stocks.
I have been and will continue buying the S&P 500 index.
I have also found and started buying a mutual fund tied to international indexes.