I will start by saying I do not own any stocks or bonds other than what may be involved in my retirement plan. (personally I think it is one of the biggest scams that favors the wealthy over the little guy,but thats another post ).
I just read an article on MSN that was headed : Stocks plunge on worries over stock worries.
My question is for you investers , with the market (DOW) sitting just under 13000, why is a daily drop of 180 +/- points such big news?
Once the big clints have sold off some stocks to get the little guys to follow suit, they will just buy inagain in a day or two and profit again on the small investors insecurity.
So how much of a daily drop does it take to get your attention?
Thanks .