Peter Ricchiuti, assistant dean of the business school at Tulane University in New Orleans, says that last week's market losses signaled what could be a return to investing fundamentals. There's a trauma effect to this. It's a big, big shift for investors. Now, he says, they are scurrying around looking for their class notes. If you have your eye on a stock or mutual fund, don't become paralyzed trying to make sure the market has really hit bottom before you invest.
Nobody knows where stocks are going from here.
The cautious approach is to invest some money now, experts say. Then if the market goes into another tailspin, you can jump in again. Last week's slide shook only part of the speculation out of the market, experts say. He says prices of some technology stocks have come down so much that he's planning to change the way he invests. Until now, Edmiston invested almost exclusively in mutual funds, relying heavily on Janus Mercury and American Century Ultra.