Thursday, December 06, 2007

Stocks going down- good for many

The economy looks ugly, and the stock market seems poised to fall off a cliff. My suggestion: Cheer up. For most of you, a bear market is a blessing, not a bane.
Here. This is so true. Over the next decades I'm going to buy more stocks, so I'd prefer lower prices even at the expense of what I have now (the caveat being that you want the stocks to go down because people sell them, not because the companies actually do poorly).

And conversely, although it is so exciting to see Berkshire Hathaway (B shares) above $4900 each, I wish they would go down, a lot, so I could buy more.

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