Quote:
Originally Posted by BigLouie
Totally non-news. The market goes up and down all the time. If the market climbs 215 points will you come back and post? I don't think so. Everyone thought the market was a bit over valued and this, to many, was just a correction that should have happened.
If you try to make statements concerning the market based on one day or one week for that matter you will just come off as uneducated.
|
Agree,
It is very normal that the market drops sometimes you know, smart people make a lot of money when the Dow (or better the S&P) goes down.
Actually a 1200 points down would be much better in stead of 215.
A nice chance to buy some cheap stock.
And also, a few hours after the market closed I already knew for 99% sure that the next day would be positive. How? The minute after the ALCOA first quarter profits were released.
So if I traded stock, I would have made a very good profitable day.
But I don't trade stock because it is way too slow. I have a 401K balance but actually thinking of getting rid of it.