The sky is falling! The sky is falling!
The headlines today are SCREAMING about the failure of the bailout and the 777.68 drop in the Dow!
OMG!!! This was the LARGEST ONE-DAY DROP IN THE MARKET EVER!!!!
A little perspective, please! This was a fall of 6.98%. Where does this rank in truth?
Number 17...the largest since 10/27/1997--eleven years ago. Let's look at that date, the stock market was at 7,161.15. What happened if you invested that day? Your investment would have grown 44.7% over the last 11 years if you took it all out yesterday. Over the 11 years, you would be richer in real terms (adjusted for inflatioin) by nearly 6%.
Lesson? TIME TO BUY, BUY, BUY!!!
1 comment:
that's 3. (I think being in the hospital is making me...agree...)
Seriously - I agree with you here too.
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