The stock market is down over 300 points today, or roughly 2%, on poor economic and manufacturing data released by the governement....and lets not forget about the emerging market countries and how their economies have hit a brick wall and their currencies (like the U.S. dollar) are crashing.
All I can say is that stocks are getting slammed today and it's just nasty out there; the only saving grace, and a small one at that, is that we have a large percentage of our portfolios sitting in cash not invested (sometimes not being invested is the best investment). I have yet to add to any of our existing investment holdings or buy new ones but the more stocks go down the more attractive they become b/c after all price is what you pay and value is what you get.
Did I mention nasty?
