This Is When You Buy

September 29, 2008 at 11:24 am  ·  Category: Market Commentary, Sentiment Analysis

In the wake of the failure of The US House of Representatives to pass the bailout bill, stock markets are crashing:

  • The Dow is down about 470 points and the S&P about 66 as I write this. 
  • The Fear Index (VIX) shot up as high as 46 – the highest level since July 2002. 

This is fear, this is panic, this is capitulation – at least short term.  No guarantees in this game.  But this is when you buy.

Posted by Greg Feirman  ·  Trackback URL  ·  Link