Buying Into the Market
Monday, September 29, 2008
We've been waiting to hit a low day to buy into some mutual funds, trying to judge when the market would drop. Today it could have gone +700 if Congress passed the bailout, -700 if not. Last night we decided today was the day. We put in an order to buy, guessing they wouldn't pass it. They did not. So a little good news for us amidst the sucky news.
The market could continue spiraling downward, and that's okay with me. Either way, we hit a definite low. Eventually it'll go back up. I shall wait.
In a related note, I am amused that Democrats are acting like Republicans and Republicans like Dems lately. Suddenly Republicans have sympathy for a teen mom and her family. Democrats are wildly supporting Bush's Bailout plan. Crazy, I tell ya.