Quote:
Originally Posted by Dleo
its people panic selling. the media has put fear into everybody.
if you go back to the basics, and invest in companys that you feel are undervalued, you WILL make money. (Nasdaq had more then 1,000 new lows today, and 50% of NYSE stocks also hit new lows today!!)
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Trick is when to buy in and when to get out. If you're long then it's a perfect opportunity to buy in at this level, but if you don't have the stomach for what could possibly come then don't get in at all. You'll only lose your cool and that leads to stupid mistakes like selling before the upticks.