Major sell off on wall street

the DOW is down almost 400 points as of right now

http://money.cnn.com/2007/02/27/markets/markets_0130/index.htm?cnn=yes

Yup…many people losing lots of money…read that earlier today

apparently it dropped 150 points in a matter of seconds

[quote=“Marcus,post:2,topic:25182"”]

Yup…many people losing lots of money…read that earlier today

[/quote]

You only lose money if you sell.:slight_smile:

good time to buy :stuck_out_tongue:

my portfolio is down 4% today.
that sucks cause now it’s only up 110% since i created it in summer 05

China crashing & burning overnight… Billions in capital just vaporized.

Although, this’ll drive my mtg pricing back down. Bond markets up. :tspry:

My 401k just took a 2%… gain :slight_smile:

[quote=“AWDrifter,post:4,topic:25182"”]

You only lose money if you sell.:slight_smile:

[/quote]

+1

[quote=“mJstk01,post:5,topic:25182"”]

good time to buy :stuck_out_tongue:

[/quote]

Just because something is down doesn’t make it a good time to buy. Thats how a lot of amateur investors lose their asses.

In this case though the US markets are set to rebound today.

The Dow resembles a penis in that sometimes it’s up and sometimes it’s down. Often, for no apparent reason. Unless you have a lot more time to devote to it (the market, not your dick) than I do, you invest long term. Hopefully though, you didn’t buy on Monday :wink: