The one thing about investing in the market is that you can never get too complacement . Things may be looking good, positive news and indicators galore....Then boom! The bottom falls out and panic overwhelms you.
That is exactly what has happened here . The Dow peaked at just over 13,300 and as of 15 minutes ago it had plummeted to 12,500. Ouch! 800 points in such a short time is not insignificant. How much is attributable to European debt issues? The economy? Jobs, manufacturing ? Tough to tell.
Has the fallout from the JP Morgan trading debacle contributed adversely? I believe so. Investor's psyches'(as we know) are very sensitive and any minute sign, trend or indicator can set things off .
One thing is for certain. There is never any "certainty " in the market . So give yourself a break. Hit Atlantic City, Foxwoods or Mohegan Sun .....Lay back, de-stress.
This has been Wall Street analyst Steve " DJI" Goldman reporting.
No comments:
Post a Comment