Well, today the stock market tested the bottom of the recent trading range of 11,700 and found it wanting. Today's stock market plunge of 358 points saw the dow hit a low of 11,453, a level we haven't seen since 2006.
Are we officially in bear country? (A bear stock market is defined as one that is 20 percent below its high.) If we're not there yet, we soon will be. Am I sorry I bought in at 12,200? Yes and no. Sure, I'd have rather scooped up stocks today, but I still have some cash and over the next 30 years, I hope this won't make a difference.
June 26, 2008.
See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.
We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.
© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.
Additional Topics
(View All Topics)consumer advice credit estate planning home buying ilyce glink mortgage mortgage lenders mortgage loan personal finance advice real estate real estate advice real estate agent refinance mortgage selling taxes
Related Blog Entries
Related Articles
Top Rated Articles
Related Videos
Who Has An 850 Credit Score And How Do You Get One?
Credit scores, on the scale assigned by FICO, rang...(4:39)
What Will Canceling Credit Cards Do To My Credit Score?
Which credit cards should you cancel to have the l...(4:39)
Should You Use A Credit Monitoring Service?
Do you need a credit monitoring service? You can p...(4:39)
Comments
No comments have been posted.