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DOW JONES INDUSTRIAL AVERAGE INDEX |
I agree with you. Panic never made anyone any money. The bottom was
tested thursday. It held! This is a good sign, and would imply a 50%
chance that this will hold as the bottom. If not, the correction
could go as high as 10%, or around 11400. If you are a buyer, I would
look at defensive stocks first. Finanacials will probably bottom in
about a week or so, and the rest of the market within a month. If you
are not looking for defensive type stocks, then I would recommend
waiting until the end of March for financials, and early April for the
rest.