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What we know at this point:
* Asia and Europe Markets hit hard
* Limit down US futures before open
* Wild currency moves
Today we are seeing a different kind of bubble. While many of the real estate assets were greatly overvalued, and I'm one of those who believe they need to come down even more almost everywhere, in this case there are real asset in play that have at least some value.
With that in mind, I think it is possible that the recovery, when it starts, will come sooner rather than later and it will be more sustainable.
Most of the people on this board know that real businesses can make real money providing real service and worthwhile products. That should be our focus as we invest.
I'm investing in my own business mostly now, but I've started looking for others who I think are doing a good job. Microsoft is one firm who seems to have an understandable business model, for example. (I have to understand the business to invest in it.)
So, what are the signals you're looking for that we've reached bottom? I suspect we've got a ways to go, but if your timeline is long enough, there's some great buys presenting themselves IMO.
But, as you wisely point out, how long is your timeline? It needs to be at least two years out, five more likely. If it's shorter than that, well, you're not reading this board anyway.