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Well, this is what I do - but I'm not sure I'd term myself 'professional'. I mean, I guess in a way I am, but I think I've learned enough to know to say that a) I'm not licensed and b) always do your own research and employ money management principles . . .
The first thought that came into my head mate - is that if we are truly entering a bear market right now - if we head lower than 1370 on the S&P, or we stay lower than current levels on the DOW? Then beware of value investing. I'm a firm believer in value investing. But it can be very discouraging, and very expensive when trying to do it in the beginning of a bear market.
But that's assuming we are in a bear market. Right now, there's now way to know. All I see is bad news as far as fundamentals, and the markets are not clearing their highs, but they are making lower lows. I saved myself some grief by not buying when we were at support. At this point for myself? It's wait and see.
But that's just me.
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