True contrarians only buy stocks when it makes them feel physically sick. This week is exactly 10 years since the vomit-inducing moment when the S&P 500 hit an intraday low of 666 , Citigroup became a penny stock and General Motors was considering bankruptcy.
U.S. stocks stood where they had been 13 years earlier, the financial system was collapsing and investors thought a repeat of the Great Depression was on the way.
jmackin2 Timing the market is a mugs game, time in the market now that’s another story.
jmackin2 ...It crashes at the top...look around...
jmackin2 The ancient proverb that a 'tree cannot grow to heaven unless its roots reach down to hell' applies. You shouldn't expect double-digit returns over a lengthy period without substantial paper losses at some interval along the way. This is the premise and promise of investing.
jmackin2 I did buy at the bottom. Only wish I had bought even more.