DOW falls 500 points today...Worst day since 9/11 attacks...

[NJ5]

akuma587 said:

Kasz216 said:
This probably ain't good for my investments.

Ah well. Just have to wait and see how much of a hit I took when i talk to my financial planner.

Actually moments like this can be great times to buy into stocks you think will weather the storm and are just currently being hurt by an overall trend.  Anything handling finance or housing is probably a bad choice at the moment though, but A LOT of stocks other than just those two types will be affected by news like this.

Baron Rothschild, the quintessential banking opportunist, is said to have advised that the best time to buy is when there is "blood in the streets."

 

Very true, but there is still a lot of blood waiting to be spilt. I'm certainly not going long on any stocks this week or even this year.