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#27
10-09-2008, 10:34 PM
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[quote=Cajungator26]Because you're getting great prices on great companies ...
Not that I can compare this to the Great Depression at this point, but most of those that bought during those times came out on top after it was all said and done. QUOTE] This is historically inaccurate. It took 25 years to get back to the same as the 1929 peak. If you compare it historically, the people who invested at a similar time during the depression lost their shirts and most likely didnt get them back. Look back three weeks ago on these threads and people were saying that it was a "great time to invest" when the market was just under 11k. Now the market loses over 20% and its still a great time to invest. Are there buys? Sure there are but my bet is that the market goes lower before it gets better. 
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