Are You Buying the Dip?
by Brian BolanJune 01, 2012 | Comments : 22 Recommended this article: (2)
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Buying the dip has been a profitable strategy of late. It worked perfectly in late November as a sharp selloff gave buyers a second chance at getting in on a run that started in early October.
The selloff in the Dow Jones Industrial Average has eliminated all the gains made from 2012. There is still about 1,100 points of gains still left on the table from the October bottoms. This very well could be the second chance that investors have been waiting for, question is do you have the resolve that it takes to get deeper into this market?
Buying opportunities like this don't come around that frequently. It is hard to time the bottom, if not impossible, but are you willing to put cash to work now that the reset button has been pushed for 2012? Do you think the rally that started in October is going to retest those levels?
With Greek elections coming up in 16 days, is now the time to get strong and go long? Or do you think it’s best to wait and see how the Eurozone plays out before you take the plunge.
Chime in and let us know!
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