Jul 7, 2008

Jon Markman: Wait until S&P 500 slips below 1,000 to buy

I'm afraid there are no white knights on the horizon, as only time, apparently, can heal these wounds. I hate to sound like a pessimist, but you may wish to wait until the Standard & Poor's 500 Index slips under 1,000 to begin buying with confidence again.

~ Jon Markman, "Bad times for good companies," MarketWatch.com, July 7, 2008

(The S&P 500 closed Thursday, July 3 at 1262.90.)

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