HappySqurriel on 23 February 2009
| Jandre002 said: This is absolutely horrible. Who in their right mind goes out and buys a new car with the DOW barely at 6000? I don't think this downward spiral is done yet. I expect that tomorrow we'll probably see the dow drop enough to trigger the "circuit breaker". I just wish they would get this sell off over with already so we can see where we really stand. |
Except that isn't how these things work ...
Every time there is a fairly large drop in the market you typically have a recovery as people try to time the market's bottom. Sometime in the very near future, optimisitic traders who have been spoonfed economic reports of how the economy will (some how) recover at the end of 2009 will buy in today because they believe that they will make a lot of money.
