Good News/Bad News

Tomorrow is going to be a VERY bad day for the stock market. It’s going to be truly grotesque because of what is happening with Lehman Brothers and now Merrill Lynch. Tomorrow, Monday the 15th, is going to be another black Monday. Now I wish that I waited a little longer to buy some stuff, but that’s OK. For you bargain shoppers out there, tomorrow should allow you to pick the meat off the bones of whatever carcasses are left behind in Lehman’s wake. Dow Jones futures are already showing that the Dow will open 249 points lower as of this posting… It’s going to be a bloodbath and it’s all yours for the taking.

Happy Hunting!

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~ by Woeful on September 14, 2008.

2 Responses to “Good News/Bad News”

  1. Honestly, at this point, my impulses want me to hoard all my money.

  2. Hello SG. You wrote that you’re more of a day trader, if this is so it’s not a good time for you sweetie. That said, if you have the stomach to sell short (that’s gambling baby) you just might make a killing. However, if you think in 2-3 year terms there has rarely been a better time to invest in good companies than right now. I wish you well!

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