Sector Investing

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I tried to get some buy orders in but the market moved back up again so quickly that the lows of the day that all I got was a few shares.

I'm thinking maybe put in some low bids for tomorrow and see if this is more than a one day event.

Certainly one must worry that the recent rise in volatility is an indication that the uptrend of the market is in real danger but even if that is true the market rarely goes up or down all at once.

1987 does come to mind however. Today was nothing compared to that day on a percentage basis:

http://en.wikipedia.org/wiki/Black_Monday_%281987%29

Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong, spread west through international time zones to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).