CHESSNOID

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Stock Market update 8-14-07 2:00 pm

Posted on Aug 14, 2007 by CHESSNOID in Uncategorized | 0 Comments

Another down day on wall street. It’s hard to see the change of direction from here. Everyday it seems to be more negative news. Which is probably the best days to buy. The hard part is when all your funds are tied up in the market, you hate to see the paper loss. Staying commited is sometimes difficult especially if you watch the market like I do everyday. This isn’t the first bad market I have been in. I still remember the 1987 market meltdown. Then I remember the 2000 dot com crash. That was actually tougher because it seemed to just drop everyday. That is when I started putting the plan into action with the dollar cost averaging.

DOW 13,028.92 -207.61
NASDAQ 2,499.12 -43.12
S&P 500 1,426.54 -26.38

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