The Dow is down 220 points as of right now. Is it just a correction or do you think it will keep falling? What do you guys think the markets will do in the next couple day? I think buy on late Thursday, early Wed. Just my 2 cents. Just want to see everyone else's opinion.
2007-02-27 06:08:49 · 3 answers · asked by Arnold 4 in Business & Finance ➔ Investing
Buy late Tues, sorry...
2007-02-27 06:10:17 · update #1
500 points at 2:06 CST
2007-02-27 07:06:19 · update #2
Considering that much of the drop was from China's "correction", then yes. The "correction" in China may not be over just yet. The government is still communist and this overly enthusiastic stock market stuff is kind of hard. It reminds me of a cynical line, "No good deed goes unpunished." Talk is that the party bosses may want to punish the capitalistic excesses so the stock market is looking more like an "abandon ship" order for those with any money in China.
2007-02-27 06:59:19 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
If you believe in the Fibonacci retracements then the correction has to go much lower. The market may recover today, tomorrow, or next week but the experts says the market is overdue for a 5% correction and this isn't five percent!
2007-02-27 14:16:41 · answer #2 · answered by rarguile 6 · 0⤊ 1⤋
may be the beginnig of it. it's about time.
www.letsgobble.com
2007-02-27 14:41:41 · answer #3 · answered by chase11209 2 · 0⤊ 0⤋