If you are losing money in a falling market at the very least you can get some satisfaction in predicting the lows. There is a point when you can buy shares pritty cheap. When a market reaches its low, I see it as very postive because you know your company can survive a crash. The one question I ask directors before I would buy. "How will you survive a recession?"
I wouldn't buy now but I would say buying conditions are moderate. I think the market has enough volitility to fall to 3800 again.
If I was gong to buy tomorrow. I would buy small companies with high grade resources with a high cash balance. There are some companies in the market similar to SFR, DML, MCC that are very cheap.
