The mainstream media likes to quote the Dow, as they are generally lazy and don't have to do any real reporting and it's easy. The real question is not when the Dow will rebound, but what great stocks are now on sale. For instance, Apple Computer, one of the best performing tech stocks ever, is now on sale at $247 a share, down from about $330 just a month ago. Yes, it may go down some more in the near future, but does anyone really believe that it's heyday is over? Not me. I'm dollar cost averaging my way back into this market, and Apple is on the top of my list.
|