people who sold at the bottom last year must be pissed.

I would say this govt currently owns 60% of the market which is frightening.

 

most investors follow what they see on tv or in print - which is mostly garbage to get you to watch their commercials.

 

Which govt would that be?

 

excellent question I have wondered that myself.

 

that's simplistic

sometimes when things look bad, they're going to get even worse

the downleg from jan 2001-march-2001 comes to mind

 

Quote from spindr0:

Emotionally, it's a very hard thing to do but one should buy the market when one feels absotetely the worst about it.

--------------------------------

There's an adage that basically says if the market doesn't fall on bad news it's worth a second look. This happened continually last year. Bad news = market up, there were numerous threads on this. This is not certainty but could be a reason to buy without emotion.

You need to have your own indicators to make you feel comfortable to buy when the market tanks.

I'm sure it makes a world of difference in how you are positioned going into a decline and how soon you get back in. If you sold at the bottom, one is not to keen on re entering anytime soon.