DOW Down, Bargain Shoppers Be On The Lookout

by James & Miel on October 6, 2008 · 0 comments

Hi All,

In case you haven’t been watching, the recent news in financial markets is BAD.

Jim Cramers is saying that if you need your invested money in the next five years, you should get out of the market entirely. Both the Standard and Poors 500 and international markets are getting hit hard.

However, stock markets have a habit of overreacting. The economy is in a tough spot, to be sure, but it’s not the end of the world. At this point, it might make sense to start making a list of stocks with strong fundamentals (little debt & strong profitability) that you’d like to buy. If the markets volatility continues, you may be able to get some of these companies for a very good price.

Best,

James

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