Dow Slips Almost 300 Points Today

Published by admin | Filed under Finance Connect

The DOW took a 277 point plunge today and things could get worse on Wednesday when some disappointing numbers are expected to be posted. I think the market has factor in a lot of that today and I don’t expect a big slip tomorrow, like today was.

Now Jim Crammer the smartest man on Wall Street in my opinion is predicting a recession. We might just be headed that way and things are going to get interesting this Spring and Summer to see where the price of oil winds up. Don’t panic if your invested into the market right now. Its just another buying opportunity and we actually love to see these. I know we have had a lot of opportunities lately, but just chalk this one up again. The market is going to get straight soon and we will be begging for some of these low cost stocks like we are seeing now. Those $100 stocks that you have admired from a distance could dip into double digits and this might be the time to stock up on the $90 stocks. A lot of good companies could come into this range and if you see stocks that were priced over one hundred dollars a share drop into the 90’s; it might be a good time to pull the trigger. Pull it softly in case that 90 dollar stock becomes an 80 dollar stock, but just keep pulling it and it will work out.

Remember……this is a buying opportunity! Buying opportunity!