So now even Dr Doom himself said market is oversold in the short term perspective and rebound will follow soon especially when dow is below 10k and s/p near 1000 level and i agree.
Yesterday i posted the article saying dow will recover and it happened. From near 800 point to only 350 point, we know somebody is doing their job to keep wall street alive.
So where to buy and when to buy?
I believe it's a good opportunity to buy when s/p 500 reach 1k level. at the moment s/p 500 stand at 1034 level against yesterday low of around 1010. I will start short term buying when s/p 500 down to 1010 and dow down to around 9500.
I don't in the short term market will plunge lower than yesterday low as the support is phenomenon. However it's only a short term technical rebound. I never think US economy sound and never will but we need to think wisely and take advantage from it.
For the long term type investor just like warren buffett, well, not now!
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