There is no comparison between today and '87. As a percentage of the overall market, this drop is not terrifically meaningful, in my opinion. The market was way overextended and was in dire need of a correction. I'll be interested to see if it holds 12,5. Think it will but with the credit problems and the idiot greedy mortgage companies finally getting their comeuppance, it might not. I added to college funds and mutuals just a little while ago. Have been holding back on both for months on end. Fear reigns. Time to buy?
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