Wednesday, February 28, 2007
Dow Down 416 pts.-Why?
After steady declines in all markets, panic seemed to hit the American market just before 3 p.m., perhaps caused by sell programs that went off at 2:52 p.m.There were some technological problems yesterday. Dow Jones, which calculates the Dow industrials, said its system fell behind shortly before 3 p.m., and that a big fall was shown when the backup system came on.I won’t do anything with my stocks because eventually it will go up sooner or later. I will just leave my stocks alone if I lose money than I lose. Because sooner or later it has to recover.I think it will be a great chance to buy stocks because you could buy it for a cheaper price and instead of buying one you could buy two. Like I said the stocks would eventually go up.The decline that occurred on Tuesday everyone panicked because the last time that occurred was when the 9/11 attacks occurred. And when the great depression occurred because the stock market went very low.
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