Don’t know how far back you review these …

Comment posted Fox News Goes After Jim Cramer by Gary.

Don’t know how far back you review these blogs, but did you see waht happened in the market today, 936 up, I think the buyers are driving it back. I know this is only a one day change, but I am making good on purchases in past week do to the UP.

***HG says***

It may have been a technical bounce, since it was so close to a support level I pointed out in another article. What’s amazing is that market action back in 1929 which took 3 years to shakeout, could take less time since our markets are electronic, and very liquid. This is going to be interesting. Especially if we break the Dow Jones support level, and it sells off to the 4,000 level. If it does, I’ll be wishing I’d written a book.

Gary also commented

• Thanks Cilla, you want to be going in gradually as the market goes down to be in it when it starts back up, and it will. The biggest way to reap the benefits of a bear market is to be there before it starts going bear. Just do not invest money you need for living expenses. Stay in you 401k or IRA’s and make sure they are in broad spectrum mutual funds.
• This just in!!! the buyers brought the market back up to from the open. I firmly believe the message should be buy, buy, buy. But with only money you do not need in the next ten years. I think getting people that can afford to buy in and hold out for the next ten years will help the market more than any government bailout.

  ***HG says***

  We’ve got 3 bad years to go before anyone should even think about investing in stocks. Most people need that money to live on. I also don’t recommend gambling at a Casino right now, because the odds there are also against the gambler.

• I’m sorry, but I would suggest anybody in their 20’s,30’s or 40’s to invest in their 401k or Roth ira’s with in a good widespread mutual fund. Doing it this way they spreed out what they invest and will be able to get the big advantage when the market does rebound. I strongly believe they should not put any money that they will not need for the next ten years in the market.

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