This is probably the biggest question on all the investors. some of them are past investors who lost everything. And some are trying to invest whatever they salvaged so far.
Last week I believed we are at the bottom until I saw an interview from the guy who wrote the book Irrational Exuberance and he kind of explained that we are not at the bottom and gave an explanation giving guidance to dummies like me.
Robert J. Shiller: As per his views we are close to a bottom but he was expecting that we are not at the bottom.
Robert was humble to say he can not say for sure.. To me after watching his interview and I though he is what he is projected.. The Master of the Market.
In the same day or a day after I saw an interview from Jim Cramer (Mad Money) and he was giving his view that we are at the bottom and we can start buying.
GEN MILLS INC (NYSE: GIS) was the best buy at $60.00 within the same day or two that stock lost about $8.00 and is fluctuating at $52.xx
Does this mean that Jim was wrong?
May be by a day! That stock was very stable today given the fact that DOW lost about 300 points. (The fact remains I like Jim and his show Mad Money) and try to follow as much as I can.
At least for that stock looks like it is the bottom.
Can we buy?
Only god knows: No one is making any predections or No one can say for sure we all guess and hope we are at the bottom.
If we are not at the bottom, we like to belive we are close to the bottom.
Only time will tell.