World stocks plummet

[David S]

I don't think I'd panic just yet. The Dow and the S&P were down about 3% today, but are still up for the year. If you own stocks you have to get used to the ups and downs. The important thing is to think long term and adjust your holdings to your risk tolerance, and be diversified.

The market is somewhat over valued right now in my opinion, so its possible it will fall more. Its painful when that happens but then again nobody cries when its going up. (Well except for short sellers and people who trade options   )

[David S]

http://news.bbc.co.uk/1/hi/business/6400789.stm

This is bad, right?

No, this is good!

The stock market is built on the backs of everyone else, and if it suffers, we prosper. Look what happened in the late '90s when the market was booming - yet everyone was out of work.

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

[David S]

Ups and downs such as this don't matter much. Now if your talking about a really big hit such as the crash of 29 well that was followed by the depression. It wasn't really a good time for anyone.

The "new economy" that gained height in the '90s has actually been nearly as bad as the Great Depression.

Wow!!!!