I cant think of a better time than now to be buying up stocks. The DOW has lost around 40%. That means there is a 40% off sale going on now. Though I think it worth watching for a bit and see if it will go any lower. At this point I dont see it going below 7000. What makes this so good of a deal is that normally if the dow were to drop this low there are a lot of people out there with investment capital that would be taking advantage of this and buying up huge blocks of stock, but this time around, those people dont have that kind of capital so there is a lot of room for everyone to get in on the sale.
I personally believe we are getting ready to see the greatest transfer of wealth we may ever see and its going to slide down to the middle class more than the elite. The people that did not go in on sub-prime loans, interest only loans and so on, the ones that have been saving their money and living within their means are getting ready to take advantage of the Wall Street blue light special. Its like Wal-Mart took over wall street and rolled back prices.
I also believe we are in the middle of a huge huge market shift due to the drive for renewables. Wind, Solar, etc and I think we are going to come out on the other side of this and see that those companies are going to be the money makers and the wise investments.
If you look at it historically, anytime we have had such shake ups in our economy was from fundamental shifts in such things. We saw it when we moved from an agrarian society to industrial, from industrial to technological and so on. We are now shifting from fossil based fuels which as everyone knows is a HUGE industry and we are moving to renewables with an increased vigor.
