I wonder how many "investment experts" will now tell us that we should use the dips to buy more. Maybe they should this time around specify how deep they expect the dip to be before we all rush in again. Long term investment experts should really not be allowed to comment on TV more that once every five years.omo
Ag I think it depends what you're buying (cash flow, dividends, growth, NAV, Rand hedge, etc) and what price you're able to get it at. When there's blood in the streets and most people are too scared to commit money is when the bargains are there to be bought and we're just not there. So the market is still not a screaming buy but some stocks are slowly getting there (look at where they've been over the last year or two). Even if the world / local economy takes a hammering that certain businesses will continue to tick over, others will grow, etc. Of course whether the markets will panic is another question. They're certainly anxious though as witnessed by the increasing volatility. End result is that I'm currently accumulating cash but not buying much. I'm still about 70% in equities but this is falling due to the above mentioned cash accumulation, dividend payouts and of course the falling share prices.
We still got a ways to go, this is just the speculation phase of the crash. We still need to get the facts about how deep in the #$%^ the EU really is, that's when you're going to see the real panic. Its amazing, they said for the first one that most senior traders and investors had never in their lifetime been through a proper crash, I get to see 2 in the space of 3 years, although I just believe this is part 2 of the first one that's been prolonged by intervention that's inevitably just made things worse. Everyone is so worried about US recession, EU is our real problem.