I own some mutual funds from a few years ago. I also bought some stocks recently which was a mistake. The markets are very volatile which indicates to me that a bottom hasn't been found with this bear market.
The VIX (Voatility Index) hit an all-time intraday high of 81 two Thursday's ago before closing at nearly 68 that day, and hitting a record close of 70 on the day after. As the Dow Jones industrial average rose more than 400 points last Monday, the VIX fell, closing at about 53. It remained at 53 at last Tuesday's close, after the Dow fell 231 points.
The same thing happened today on the Dow with a swing of over 200 points up and down.
It's highly likely hedge funds and companies are still liquidating their losses for 2008. If you can't get money from a bank, you can get money from your blue chip stocks.
When the bottom is reached, there won't be much action on the Dow or TSX for weeks or even months. Investors need to stabilize and reformulate their investing plans for the near and distant future.
Those who have money will spend it wisely.