Originally Posted by theubernoob
I can't see stocks falling much further. Everybody is flipping out about how bad the economy is and everything. Yes, we're in a downturn and a whole market got ****ed, but in the big picture we're doing alright. **** like this has to happen. The stock market can't go up and up forever. It has to be reset so why not buy when it's reset? Why wait for it to look good to buy? Isn't that the worst time to buy? It just seems like people only buy when the market looks good and sell when the market looks bad, I think it should be the other way around.
I'm definitely gonna look into buying a house and a cheap car, but why not take advantage of this market.....
The market goes up because stocks go up, not the other way around. So dont think that the market pulls up stocks. Stock selection is the key, not just buying
On that case. Circuit City is a buy, looking at the chart they are so cheap. And the holiday season is coming up. They are even building a new store near my home, despite there already being a Best Buy down the road