It looks as though the stock market has no idea what to do. It seems to be meandering the proverbial road like a drunken cataract patient who has taken too many meds. Mark my words, tomorrow, CNN's top story will be how the Dow is plummeting again, as lawmakers neglect to pass a bill yet another day.
It has come to my attention that most people think the end of the world is just around the corner.
In 1987, the Dow Jones shed over 24% of its value in a single day. By the end of the week, stocks were off by over 30%. That would be roughly equivalent to roughly 3000 points off of the current value by today's standards. Remember to focus on the idea, not the words conveyed in articles in the media. While the 778 points lost on Monday equated to the worst one-day points loss, it was not even close to the top percentage loss ever. Let's keep in mind, as well, that oil is still low, Gold has somewhat stabilized, and today investors bought as much of the battered stocks from yesterday as they possibly could.
Now is a GREAT time to buy in the stock market.
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