As much as I hate to say it...
I think we have all known for a while this was going to happen. They have been talking about a down-turn in the market - a significant one - for several years. When you think about it, upstart internet companies trading at 3000 times earnings and having billions in market cap with very few real assets or revenues??? Come on. And penny stocks going from .05 to .30 on news that they are launching their test website home page???? There was way too much froth and exuberance in the market of a year ago and I don't think we should be too surprised that we've experienced such a down turn. I am also hoping that we'll see the bottom here and start on the road to recovery - I'm thinking 'break even would be nice - LOL' - Settling this election would help immensely. I remember when the crash happened in Oct 1987. I worked at a brokerage office and we were in the midst of a major remodling of our office space. The day the market fell 500 points (which was a HUGE number back then) the electian was there installing, amongst other things, the lighted exit signs. As he watched our receptionist update the down free-fall on our electronic display board, he turned to me, holding an Exit sign in his hand, and said "Should I hang this on the back door or on the window?" ROTFL!
AI
