Markets Drown in Another Selling Wave

[DNP]

The Dow plummeted another 500 points to five-year lows on Tuesday as Wall Street shrugged off another emergency effort by the Federal Reserve to cure ailing credit markets.

The selloff capped the Dow's worst five-day point drop in history and came despite the Fed unveiling another plan aimed at unfreezing credit and giving a strong signal that the door may be open to more interest rate cuts.

Today's Market

The Dow Jones Industrial Average fell 508.39 points, or 5.11%, to 9447.11. The broader S&P 500 Index lost 60.66 points, or 5.74%, to 996.23 while the Nasdaq Composite dropped 108.08 points, or 5.80%. to 1754.88. The consumer-focused FOX 50 slid 44.26 points, or 5.57%, to 750.54.

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[whitebark]

Glad I went with gold last month - all this isn't near over yet.

 

[theinvestor]

The next 2-3 years will not be fun for investors. It's better to be on the sidelines watching.

 

[ARMG]

The next 2-3 years will not be fun for investors. It's better to be on the sidelines watching.

Well... You can invest profitably in any market status. In my opinion this is the best time to invest. How often do you get a chance to buy shares in big companies this cheap? Of course the risks are higher but I think this is the best time to step into the market as an individual investor.

As blood flows in the street, smart buyers will step in to pick up bargain stocks...

 

[scorpio]

When markets were all time high , everyone wanted to get in.
Now after 55% off from there highs and people are scared to enter inside or most have no cash left ...

Truely said markets can remain illogical for longer than you can remain solvent...

Today gold is trading at lifetime high.

 

[stewie]

*This is Worldwide

personally I think it depends on your situation...this market is not for someone heading towards a pension...if you are 20 years old long term it could be a good time. but i think this market is like swimming with sharks... I wouldn't go in until the sharks are gone. If you are a high risk taker this market could be a great money maker...but as fast as you can make it...you can lose it too. I have chosen to stay out...there will be better/safer investment days ahead... there is a lot of cash being pulled out of this market ..and someday it will be heading back in... (you can't pick a bottom...so why not wait until the market finds its bottom and starts heading back up)

*the rates will be cut again im sure...

there is uncertainty in the air..Markets do not like uncertainty...

*Gold and Cash -I'm cash and im starting to think even cash is a risk.

JMO

 

[Vision]

Japan's market dropped 9.4% today ....

http://www.breitbart.com/article.php?id=081008064235.zkswil0j&show_article=1

 

[theinvestor]

Well... You can invest profitably in any market status. In my opinion this is the best time to invest. How often do you get a chance to buy shares in big companies this cheap? Of course the risks are higher but I think this is the best time to step into the market as an individual investor.

As blood flows in the street, smart buyers will step in to pick up bargain stocks...

The people that i hear saying this are people who short stocks. If you're an investor and you're looking out 10 years then sure you can invest now. But from how i look at it, this is a bad time. I like to buy when the bottom has been hit. How do i know? Jobs begin to increase, earnings start to shift positively. The market begins to stabalize. I'd rather buy after a little bit of an upside. Rather than trying to catch a falling knife right now. In the mean time, i'd recommend much safer investments.

Don't forget, we are in a period of a bear market right now. Don't expect things to get better for a while. Why risk being in this market?