This Is When You Buy


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.

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