Has everyone lost their senses, this is undoubtedly one of the best times to buy, in the last month several companies have reported excellent results with more excellent results expected for next year, if you don’t buy these stocks now when will you buy them?, Oh yes silly me , thats right when the price has risen to an all time high and your paying atleast 20% above fair value.
Great companies have been down valued by upto 20% since the djia started its decline, most of these companies have niothing to do with the housing market, have very conservative debt levels and excellent cashflow, so who cares about the subprime mortgages, or the credit bubble, these companies have survived atleast one recession in their lifetimes and lived to tell the tale.
People ‘DONT PANICK’ as long as your holdings are in solid companies you’ll be o.k, just by value not hype.
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