Dow Tumbles on Thursday

Published by admin | Filed under Finance Connect

The Dow plunged more than 300 points on Thursday and this was one of the sharpest drops we have seen in a long time. Presidential election on the horizon, multiple hurricanes heading for the U.S., current global situations and gas prices didn’t mix well with the latest jobless claim numbers that came out today. You start factoring in all of these things and you could have almost forecasted a sharp drop like this. The Dow dropping 344 points on Thursday does create panic on Wall Street and investors that follow the market daily are probably a little worried too. So are we looking at a buying opportunity right now? Its possible investors could surge ahead a bit over the next 12 months with the bargain basement prices that are out there now on most stocks. I still would hold off making a large investment into the market until things become clearer. There will be a window for investors in November after the elections are over and we are almost done with the current hurricane season. However, waiting until Turkey Day might be a little too late and the 2nd week in November is primed for investors to take advantage of stocks that have sharp drops. So don’t rush into the market just yet and see if the market makes 1 or 2 more corrections before we start to see the usual late year surge as the holiday season approaches.