I basically agree. I've mentioned elsewhere that people need to be careful and not jump to conclusions about Friday's market performance. Depending on who you listen to and have read, we could be only half way down in fact....
However, I don't think people need to worry though. The market is a vast, mult-cellular organism. Just because some parts have broken down, that doesn't mean the entire vehicle is trashed.
My passive investments have been hit as hard as anyone's, but my trading is currently up by 30.9% in gain right now. Sure, it could change any minute, and I'm sure I'm just lucky more than anything. However, the point I wanted to make is simply that not literally everything on the market has gone bad. People are just panicking right now, but if you're a trader, you can take advantage of that. That's what I'm doing anyways, taking a little bit here, and a little bit there, whatever and whenever it makes sense to do so.
Last edited by Broken Arrow : 10-11-2008 at 09:57 PM.
|