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Fire Sale

Huge huge savings going on right now!  That’s right, you too can own a piece of corporate America at 20%, 30%, even 40% off the normal going price!

That’s right folks,  the economy is giving us amazing deals on stock prices right now, and the prices keep dropping!

How things have changed so quickly in such a short period of time.  I remember back in April and May picking up a bunch of stocks.  Things were cheap, and it looked like a great time to buy in.  In only two months time, things have slid far below what I imagined.

With the price of oil spiking up and reaching almost $150 per barrel, and the financial sector doing a nose dive, the American stock markets have been taking a severe beating.  I’m just glad that I didn’t get in earlier than I did, but I am starting to feel the pain.

It’s nothing that I’m awfully worried about though, as it’s just one of those cyclical things.  The markets will eventually come back and rebound, it’s just a matter of waiting out the storm.  Having said that, my stock picks are still holding out pretty well and I’m “beating the market” so to speak… even if that does mean that I’m now in the red.

I think I have the worst sense of timing though.  If I only would be patient and wait out the nastiness that was forecasted, I’d be making a killing on the current fire sale on the stock market.  Today, the S&P 500 is trading below what it was 2 years ago!

For anyone sitting on a pile of cash right now, the opportunity to buy ridiculously cheap stocks is coming soon.  Hell, you could buy a ton of random stocks today and look like an absolute genius in a year or two.

Buy low and sell high, that’s all there is to it.  Oh, that and not panicking :-).

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