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Dow Plunges 416 Points
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02-28-2007, 04:16 PM
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funnyPasds
Join Date
Oct 2005
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425
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IMHO, anyone who is concerned about a one day drop in the market shouldn't be investing in stocks. Stocks are LONG TERM investments. To believe otherwise is very damaging to ones financial health, not to mention nerves. The chart below illlustrates the long term performance of the US Stock Market. It is clearly trening in one direction. Emotions have no place in investing. I bought more stocks yesterday. I will continue to buy - why not? Stocks are now ON SALE!!! smart investors are celebrating, not whining. At any rate, don't buy the hype. The crap you read and hear in the media is simply "FINANCIAL PORNOGRAPHY" - It titillates and sickens, but rarely enlightens.
Here is my favorite investment advice:
"Stay the course. No matter what happens, stick to your program. I've said "Stay the course" a thousand times, and I meant it every time. It is the most important single piece of investment wisdom I can give to you." - JACK BOGLE
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