Agreed... no one can call the bottom or top. As an investor, just need to be comfortable with the fact that if you buy now, the prices may go lower, but with 3-5 year horizon, i reckon these are decent levels to start nibbling at
Invariably, it will fall just beyond your stop loss/close out point where after it will reverse course. If you do not close out and your stop loss it will not revert course and will continue straight down...
Not trying to call a bottom (..."though" should have been "thought") but with so many articles hinting on a recovery e.g. "The odds of a depression have diminished substantially for now," said Kenneth Rogoff, a Harvard University professor and former IMF chief economist." its difficult to believe that it can still go down much more.
As I said last week..the DOW and FTSE had reached the top of their bear channel which means further downside if they did not break out...so If they go down so so does everybody else and if the move is is sentiment based then the big heavy weight must also go down as they trade as proxies to the market.
talk about profs not necessarily being correct, professor holdstock (a psychologist) wrote a book in which is stated that some experts believe some postgraduate qualifications are some times detrimental in that they encourage entrenched thinking. intellectuals have to PUBLISH OR PERISH wich means if they dont write conspicuously they could get fired. I am sure our current education system was implemented by people with doctorates - the kids can sometimes hardly add or multiply without a calculator.