Sunday, March 08, 2009

Big bad bear market of 2007-?

Courtesy of dshort.com who updates this image on a daily basis. As you can see we have now surpassed every single market crash in history except the crash of 1929-1932. For those of you holding 100% cash in your long-term accounts and looking for a place to start buying we'd say this was a good place for an initial partial position with the understanding that we could easily shave off another 10-20%. What would you buy? Non-leveraged index/and select sector ETF's such as SPY DIA QQQQ IWM; USO MOO would be advisable.

Click to enlarge: