CHESSNOID

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Market futures to open lower 12.3.08

Posted on Dec 3, 2008 by CHESSNOID in economy, internet, stock market | 0 Comments


Monday we were down. Tuesday we were up.  Wednesday seems to be pointing down.  The market futures look like this right now:

Dow -131.00 -1.55% 8,301.00
NASDAQ -21.00 -1.85% 1,112.00
S&P -14.90 -1.76% 834.10

I am surprised there isn’t follow through from yesterday considering the last hour surge. The only thing consistent is the volatility.

I know we are not at the market bottom yet, but there are an awful lot of great priced stocks right now. I want to buy most of the stocks I sold off last year because they are priced incredibly low and I feel they will make it through the recession.

I haven’t owned stocks in over a year now. I only play at the updown simulation site. It really isn’t the same thing. I think that site has only made me a better day trader. I still consider long term investing is best done when you dollar cost average into financially sound companies that are run well.

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