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Old 11-07-2008, 11:06 AM   #6
JohnnyD
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Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
Quote:
Originally Posted by Back Beach View Post
Its almost as though the market dropped as soon as I typed it.

Cashin's prediction was right with regard to the rally and ensuing drop. Buy the rumor, sell the news as they say.
The market is completely insane. I'm young and have yet to open an IRA to start saving for retirement. This year was going to be the year, but it is such a petrifying time to enter the market. I'm just glad my procrastination prevented me from entering last year like my accountant told me too. It'd take me 10 years to make up those losses.
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