Quote:
Originally Posted by SeattleUte
Yeah, I bought some "bargains" in the tech market meltdown only to have them fall 80%. The marked is showing no signs of forming a bottom. No one knows what's a bargain because no one knows what anything is worth anymore. I leave it to the "professionals" (yeah, right), to manage my accounts. I bet there were some bargain hunters that bought some WaMu stock really cheap a month ago. The market teaches that no matter your set backs life can always get A LOT worse.
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Yeah, I bought some "bargains" on the way down in that meltdown too. It was a painful lesson. But there are lots of companies that are highly unlikely to lose 95% of their value like the dot-coms did. I have been mainly in cash for a year or two so I have been pretty cautious. I don't know if I will have the guts to scoop up some bargains, but it is tempting.