Ol' Joe Six-Pack Might Not Have the Stomach For This Market. Doncha Know.

My post yesterday was intentionally focused only on the last two weeks and probably sounded a little like Andy Rooney.  This is going to be a very short post about the past year.  If you want differing opinions about what to do with your money right now, just ask two people.  The CNBC anchors and "experts" they interview keep talking about a "bottom".  This morning they were talking about the difference between "a bottom" and "the bottom.  Well, one thing is for sure, the "top" was a year ago yesterday when the Dow hit 14,164.  When I checked just now, the Dow was at 8,180.07.  So, let's see we're down 42%.  That means you just have to make 42% to get back to even.  Right?  Wrong!!!  You need 73% return just to get back to even.  Now, back to the experts, where is "the bottom" if we're in it for the long haul.  I'm kind of a big Phil Town fan and here's his take on "DJIA Estimates and What's Coming Next with the Market".  Ouch!!  Did he just say 5,700.  Does the average investor have a stomach for this market.  I'm not trying to be a fearmonger here.  The fear is already out there and lil' ol' me ain't gonna change nothin' 'cept ta tell ya that unless you're the last one to panic, you lose.