See, this is why I only invest in porn. These stock market investors and traders have no soul or ethics. At least with porn when you get fucked you enjoy it.
A 5% - 10% correction on the S&P from its high of about 1461 would be a good thing and a buying opportunity. If the S&P goes to 1388 - 1315, toss in some dough.
I used the same trend analysis al-gore-ithm the global warming folks use to predict earth temps and it says the market will break 50,000 in two weeks!
My take is one of two things 1) the economy is doing too good and those (especially libs) want to bring it back down to miserable levels or 2) in advance of stealing, oops setting up another ‘mandate’ win for the Dems, tank the economy so that Bush looks bad. Since they blew their cred on the Evil Bush Iraq Civil War of Endless Occupation in the ‘06 election.
Either way, they can screed ‘Bush’s fault’ which they do anyway, anytime.
Comrades,
Fer Chrissakes, the DOW is still above 12,000.... what a bunch of chicken-littles.
Respects,
Wait for it, wait for it, then BUY BUY BUY! - Seriously, it’s a quick dip and the media is making more out of it then it really is. It will go back up. Always invest for the long term and always diversify your portfolio. I work for a retirement services company, don’t put all your money in a single stock or fund. It’s stunning how may people do it. That’s what happened to all those poor Enron employees who lost it all. Had they diversified they would have only lost what was invested in Enron and their pension.
Day trading or otherwise hoping to strike it rich in the stock market is about as risky as going to an Indian Casino with your life savings and blowing it all in one night!
If the market was only running at 3000 then this might be a great concern. With the market running at 12000 then this was merely a hickup.
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