Tuesday, September 30, 2008

Ouch! That Hurt

What a day. The Dow down 770 in a record setting sell-off as the house votes down the bail out lan with a revote not occurring again until Thursday. Stock futures point to somewhat of a rebound this morning, but that can turn on a dime as the day goes on.

The market is a mess right now, but I actually enjoy sell-offs, to some degree, as it always me to buy more at a very discounted price. I keep a little "sell-off" fund set aside just for moments like this. Although yesterday's market action was a little extreme, this type of erratic movement will be the norm until this plan is passed in the house.

- Roger

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