Monday, September 29, 2008

Market Meltdown - Sep 2008

The Dow has plunged more than 800 points today, on the news that the House has rejected the $700B bailout bill.

Luckily I've been out of the market, having been stopped out, otherwise this would not have been pretty for my current "pick up uptrending stocks" strategy!

Take a look at the image below!


Baron Phillipe Rothschild once exclaimed that the time to buy was "when there is blood in the streets". I wonder if this is what he was talking about?

No comments: