We all are nervous, but want to give you a flicker of hope. There will be a bottom, though I really don't think we have found it yet. Once it it is found and stablizes, there will be a lot of us, who will have a once a generation buying opportunity. Now is really the time to do the homework, crunch the numbers, and establish an entry point of where you want to jump back in, or add to positions. Don't forget.... Even in 1929, which I consider a worst case scenario Close to 15% of market cap was preserved even at its worst.
I am an oil company retiree, so I am not adding obviously, but there are some large integrated oil companies that are seeing divy's at 8-10%, and are at sub 2009 (last crash) stock price numbers. So think about it. Even if the stock price and or divy's cumulatively lost another 50%, you'd still be @ a 4-5% yield. Not saying this is a sure bet, but think about it. Are oil companies going away?
I'd keep an eye, on other way over-sold sectors too.... Airlines, Travel, etc. etc etc. At some points, some great bargains will be found,
Like i have said on other threads.... The absolute best fin. advise I ever got was that best time to invest is when there is a stampede of the fearful to get out. That served me well in '87, '00, and '09.
