buying opportunity

Here is some food for thought. Ay what point is a bargain a bargain?

If you take the GFC bottom as the bottom and the highest its been since then as the top, then....

The DJIA about 18% the way down from the top to the bottom.

The XJO is about 50% the way down from the top to the bottom.

This means that if we keep falling in sync with the DJIA we will reach the bottom when the DJIA is not even half way there.

Remember how cheap stocks were when we were at the bottom last time. BHP was $21.90. So if we stay in sync with the DOW this time we should be able to get BHP for $10.45. I think that's a PE ratio of 2.5. Bargain alright!