The trouble is only now starting for us

[PostCode]

As of 0727, Pacific Standard Time, the Dow has fallen 603.66...uh ohhh

 

[Fuser Man]

Holy cow! That's huge! The TSE only dropped around 300 points lastweek. It dropped around 500 in London lastweek too.

 

[HomeLAN]

I wouldn't worry about it too much. I've been predicting a 5-10% fall in the first day, but I'm also willing to bet that you see a 3-4% rebound on the second. A lot of mutual funds have strong cash poitions they're sitting on due to the stuff going on before this. They aren't going to resist the bargains for long.

 

[Gonzo]

at -1045 they'll stop trading for half an hour to let things settle. Today will be bad. It shall improve-slowly but surely.


Plus, the Fed dropped interest rates another .5 point before the DOW opening bell.

 

[BigDadday]

Actually and it's sad but this is the time if you have the cash to buy if your looking for a long term investment.It will bounce back up and there are people out there who will be doing exactly this. BD

 

[Bronto]

Hiyas
That'll take a few weeks off the market corrections in one day.

 

[flavio]

Originally posted by BigDadday
Actually and it's sad but this is the time if you have the cash to buy if your looking for a long term investment.It will bounce back up and there are people out there who will be doing exactly this. BD

Picks?