Do You Have the Guts to Buy? - Tyler Mckinna

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Do You Have the Guts to Buy?
Jul 29, 2008 02:56 PM UTC

Tyler Mckinna

Return	Risk
-20.74%	LOW

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Symbol	Sentiment	Start	Return	Closed
SPY		07/29/08	-11.80%	--

Via Long Investment Ideas from Seeking Alpha:

A recent article in the Wall Street Journal serves as a great reminder to us long-term investors that when stocks are down, it is a good time to buy, hold, and diversify.

The Time Is Now

How do I know that now is a good time to buy stocks?Â Well, I donâ€™t know that the stock market will not go down further, but I do know that the DOW was about 600 points higher in early 2000 than it is today.Â Therefore, historically speaking, stocks appear to be on sale.Â Maybe a quote by the ever astute Warren Buffett will help to encourage us to put our cash to work in this market:

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