When I turned on the radio today after training at Keller Williams and heard that the Dow Jones was down over 500 points… I’m not gonna lie, I was a little nervous.
The last time we had a drop like that, it was right after the markets opened back up post 9/11. Not a good sign.
But my anxiety has halted a bit, we’ll see what happens tomorrow. It may be time to pick up some bargain stocks. The market has been hauling tail for the last several months without any correction. Normally these corrections take place slowly, 50 points here 30 points there, and you’re down 4 or 5 percent. This one just happened all at once, and according to Jim Cramer (yeah, the guy who is crazy on CNBC) some of the safety nets we’ve had in place to prevent this kinda thing failed us today. But the market will be back soon enough. We’re still well over the record high for the Dow during the Dot Com Boom, and until we’re down for the year, I wouldn’t worry to much.