Woah! Check this out!
Worst drop since the first trading after 9/11.
Everything I needed to know about money, I learned from Eddie Murphy:
Billy Ray Valentine: Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. [on the ticker machine, the price keeps dropping]
Now is the time to buy, people. Buy and hold. That's my motto. Go find the dog of the Dow that took a big beating today, whose long term prospects are still good and buy it. Chances are, people panicked today because of the craziness in China.
Updated : Smart Money coming in. Rebound time.
