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The DOW closed at -449.36 Scary

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Hang on sloopy,  the ride is rough but only getting rougher.

But the good news is that I saved 48 dollars on my car insurance.

geico.jpg

  • BassResource.com Administrator

2 days of drops are nothing to be worried about.  The DOW is still above 10,000.  The media amps this up to be the "Disaster of the Century!!!!"

Don't fret it.  The bargain hunters will be moving in like vultures shortly.  Expect to see some wild swings, as Avid implied.  However, daily fluctuations are no big deal when it comes to investing.  Just ride it out.

As for jobs, you'll still have yours.  Daily fluctuations are just a speck when you chart out gains/losses on a quarterly basis.  They're just not that significant.  Watch in the next 5-7 business days, you'll see big gains too.  Over time, it evens out.

Ignore the chicken littles in the newsrooms.

I agree with Glenn.  

When it gets the quick beat down for something is the time to buy a good stock.  

  • Super User

Dows up 410 Points.  This volatility is keeping many people on the sideline, smart move.  If your into taking some calculated risk go bottom shopping when you can.  Stick to strong fundamentals and you'll see plenty of good value out there.

  • Super User

CORRECTION

The gov't seems to have come to grips with the fact that this is a systemic problem requiring more than the band-aide approach applied to individual corporations.   A solution similar to the creation of the resolution trust remedy for the 80's S&L crisis seems to be in the making.  It will cost the taxpayers a bundle, but just may bring some stability.  Let's hope so.

http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/financial_meltdown

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