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Originally Posted by docicu3
Buying opportunities?? I know it seems like the sky is falling but the other sectors that fall in almost a "death by association" mentality will have value if one is prudent. Gotta hang in there and not freak out although watching losses of this magnitude will tighten your sphincter for you....
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you're absolutely correct. also, remember that the averages are weighted and the number of financials in the dow/s&p will make the numbers jump more in both directions, than they normally would. 4 of the 30 dow stocks are the financials that were down big, so that makes the average go down more.... if you look at what the average would have done without those 4, it would have only been down about 150, not 500.